If $10,000 Was Generated from Operations (Indirect Method);$4,000 Was Used

question 82

Multiple Choice

If $10,000 was generated from operations (indirect method) ;$4,000 was used for investing activities;and $6,000 was generated from financing activities,the cash balance:

• A)increased by $6,000.
• B)increased by $8,000.
• C)increased by $12,000.
• D)decreased by $20,000.

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Definitions:

Admission of a New Partner

A business procedure that involves integrating a new partner into an existing partnership, often requiring adjustments in capital and profit-sharing ratios.

Capital Contributions

Financial or property assets contributed by owners or partners to a company or partnership to maintain or increase its capital.

Consulting Business

A business that offers expert advice in a particular area, such as management, education, or marketing.

Income Tax Service

A service that involves the preparation and filing of income tax returns for individuals or entities, typically provided by accountants or professional tax preparers.