Financial Reporting and Analysis Q154

154The following information is available for Nissan Newspapers Ltd.

Cash balance as of June 30, 2012	$58,000
Cash balance as of July 1, 2011	$65,000
Cash flows:
Operating activities	($45,000)
Financing activities	$90,000

The cash flow from investing activities is closest to:

Option : A
Explanation : Ending balance = Beginning balance + Cash flows 58,000 = 65,000 - 45,000 + 90,000 + Investing cash flow Investing cash flow = ($52,000)

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