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During the previous year, Company X's cash balance increased by $440 million. Investing and financing activities created positive cash flow totaling $730 million.
What were net cash flows from operating activities in the statement of cash flows?
A. Outflow of $290 million.
B. Outflow of $440 million.
C. Inflow of $880 million.
D. Inflow of $440 million.
Let "Operating activities" be xx.440=x+730Solving for xx:x=440−730=−290So, net cash flows from operating activities are an outflow of $290 million.The correct answer is A. Outflow of $290 million....
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