Question

The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $35,000 Net cash flow used for investing activities (20,000) Net cash flow from financing activities 60,000 Ending cash balance 100,000 What was the beginning cash balance? a.$75,000 b.$(25,000) c.$65,000 d.$25,000

Answer 1

Answer:

d.$25,000

Explanation:

                                                                                       Amount ($)

Cash provided by operating activities                          35,000                      

Cash used by investing activities                                 (20,000)

Cash used by financing activities                                 60,000

Net Increase (Decrease) in cash balance  (a)               75,000  

Cash at the beginning of the year  (c=b-a)                   25,000                

Cash at the end of the year  (b)                                    100,000

The beginning cash balance is $25,000