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ira [324]
3 years ago
14

Analysis reveals that a company had a net increase in cash of $22.420 for the current year. Net cash provided by operating activ

ities was $20,200, net
cash used in investing activities was $11,100 and net cash provided by financing activities was $13,320. If the year-end cash balance is $27,300, the
beginning cash balance was:
Business
1 answer:
antoniya [11.8K]3 years ago
8 0

Answer: 4,840

Explanation: Analysis reveals that a company had a net increase in cash of $22,310 for the current year.

Therefore,

The year-end cash balance -  the beginning cash balance = $22,310

The beginning cash balance = The year-end cash balance - $22,310

The year-end cash balance is $27,150

The beginning cash balance =  $27,150 - $22,310 = $4,840

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