If $10,000 was generated from operations (indirect method); $1,000 was used for investing activities; and $8,000 was generated from financing activities, the cash balance:
A) increased by $8,000.
B) increased by $3,000.
C) increased by $17,000.
D) decreased by $19,000.
C) increased by $17,000.
Explanation: cash from operations - cash used for investing + cash from financing; ex: $10,000 - $1,000 + $8,000 = $17,000
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