For the Year Ended December 31,2016,the Statement of Cash Flows

question 140

True/False

For the year ended December 31,2016,the Statement of Cash Flows for Johnson Family Auto Supply shows the following information: Net Cash Used by Operating Activities,$71,000;Net Cash Provided by Investing Activities,$49,000;and Net Cash Provided by Financing Activities,$41,000.Cash has increased by $161,000.

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Definitions:

Heuristic

This term refers to a practical approach to problem-solving, learning, or discovery that employs a practical method not guaranteed to be optimal but sufficient for reaching an immediate goal.