A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 14,500 Net cash provided by investing activities 4,200 Net cash flow used in financing activities (12,400) Cash balance, end of year 9,100 What is the cash balance at the beginning of the year?
A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 14,500 Net cash provided by investing activities 4,200 Net cash flow used in financing activities (12,400) Cash balance, end of year 9,100 What is the cash balance at the beginning of the year?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:
Net cash provided by operating activities |
$ 14,500 |
Net cash provided by investing activities |
4,200 |
Net cash flow used in financing activities |
(12,400) |
Cash balance, end of year |
9,100 |
What is the cash balance at the beginning of the year?
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