Stojko Corporation Had a Net Decrease in Cash of $10,000

question 124

Multiple Choice

Stojko Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000. What amount of cash was provided (used) in operating activities?

• A) $100,000 provided.
• B) $(100,000) used.
• C) $80,000 provided.
• D) $(80,000) used.
• E) $(10,000) used.

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Definitions:

Trade Surplus

A situation where a country exports more goods and services than it imports.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's gross domestic product.

Imports

Items or services acquired from overseas to be sold within a country.

Balanced Trade

A situation in which the value of a country's exports equals the value of its imports over a certain period.