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Oxana [17]
3 years ago
5

Analysis reveals that a company had a net increase in cash of $20,000 for the current year.Net cash provided by operating activi

ties was $18,000;net cash used in investing activities was $10,000 and net cash provided by financing activities was $12,000.If the year-end cash balance is $24,000,the beginning cash balance was:___________.
A) $4,000.
B) $16,000.
C) $44,000.
D) $40,000.
E) $39,000.
Business
1 answer:
alexandr402 [8]3 years ago
3 0

Answer:

A) $4,000

Explanation:

Calculation for the beginning cash balance

Using this formula

Beginning balance=ending balance-increase in cash

Let plug in the formula

Beginning balance=$24,000 -$20,000

Beginning balance=$4,000

Therefore the beginning cash balance was:$4,000

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