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According to the Cash Flow Statement of U R Broke Limited (UBL) for the year ended 31 May 2015, the net increase in cash held was $2,000, net cash

According to the Cash Flow Statement of U R Broke Limited (UBL) for the year ended 31 May 2015, the net increase in cash held was $2,000, net cash used in investing activities was $1,200, and net cash provided by operating activities was $1,500. Which of the following statements must be true?

Select one:

a. Net cash used for financing activities was $1,700

b. Net cash provided by financing activities was $1,700

c. Non-cash expenses (including depreciation) totalled $1,700 for the year

d. UBL made a loss for the year ended 31 May 2010

e. The opening bank balance was $1,700

Top Answer

The correct statement is b. Net... View the full answer

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Other Answers

Answer is b Since Given in the question Net cash flow is 2000 Net cash outflow in investing activity is (1200) Net cash... View the full answer

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