Rico's Taqueria Had Cash Inflows from Operating Activities of $27,000;cash

question 224

Multiple Choice

Rico's Taqueria had cash inflows from operating activities of $27,000;cash outflows from investing activities of $22,000,and cash outflows from financing activities of $12,000.Calculate the net increase or decrease in cash.

• A)$61,000 increase.
• B)$37,000 increase.
• C)$7,000 decrease.
• D)$7,000 increase.
• E)$34,000 decreasE.Net Increase/(Decrease)in Cash = Cash Flows from Operating Activities + Cash Flows from Investing Activities + Cash Flows from Financing Activities

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Definitions:

Apparent Agency

A situation in which a principal creates a reasonable impression that an agent has authority to act on their behalf.

Implied Authority

Power granted by custom or implied by the conduct of a role, allowing an agent to perform acts that are reasonably necessary to accomplish tasks.

Right of Reimbursement

The legal right to be repaid or compensated for expenses, losses, or liabilities incurred on behalf of another party or as a result of another's actions.

Preponderance of the Evidence

A standard of proof in civil cases, requiring that a party's evidence is more convincing than the opponent's evidence to win the case.