Jacks Company Had a Net Increase in Cash from Operating

question 30

Multiple Choice

Jacks Company had a net increase in cash from operating activities of $8,000 and a net decrease in cash from financing activities of $1,000. If the beginning and ending cash balances for the company were $3,000 and $11,000, then net cash change from investing activities was:

• A)an outflow or decrease of $1,000.
• B)an inflow or increase of $2,000.
• C)an inflow or increase of $1,000.
• D)zero.

---

Definitions:

Broad-Based Prosperity

Economic growth and success that is widespread, reaching various sectors and levels of society.

American Revolution

The period (1765-1783) during which the thirteen American colonies fought for and gained independence from Great Britain.

All-Black Company

A military or business organization composed entirely of African American members, historically significant due to racial segregation practices.

Spanish-American War

A conflict in 1898 between Spain and the United States, resulting in U.S. acquisition of territories like Puerto Rico, Guam, and the Philippines.