Question

On its year-end balance sheet, Hasten Inc., reported cash and cash equivalents at the start of the year of $54,144 thousand.
By the end of the year, the cash and cash equivalents had decreased to $51,164 thousand. The company’s statement of cash flows reported cash from operating activities of $311,925 thousand, cash from financing activities of $(230,204) thousand.

What amount did the company report for cash from investing activities?

Select one:

a. $78,741 thousand cash inflow

b. $84,701 thousand cash inflow

c. $84,701 thousand cash outflow

d. $78,741 thousand cash outflow

e. None of the above.

Answer 1

	Cash from operating activities					$ 3,11,925.00
	Cash from investing activities			(bal. fig.)		$    -84,701.00
	Cash from financing activities					$ -2,30,204.00
	Net increase (decrease) in cash and cash equivalent					$      -2,980.00	(a-b)
Add:	Cash and cash equivalent at the start of the year					$      54,144.00	(b)
	Cash and cash equivalent at the end of the year					$      51,164.00	(a)

Answer: Option c