At Isvio, cash and cash equivalents amounted to 215,000 at the start of the year. During the year, Isvio transferred 150,000 from its current account to a one-month deposit (a cash equivalent), generated net operating cash flows of 388,000 and paid 264,000 for a machine. Compute the net change in cash presented and closing cash.
- Opening cash and cash equivalents
- 215,000
- Transfer to a one-month deposit
- 150,000
- Net operating cash flows
- 388,000
- Payment for a machine
- 264,000