Question

Analysis reveals that a company had a net increase in cash of $22,310 for the current year. Net cash provided by operating activities was $20,100; net cash used in investing activities was $11,050 and net cash provided by financing activities was $13,260. If the year-end cash balance is $27,150, the beginning cash balance was:

a $4,840.

b $17,470.

c $49,460.

d $44,620.

e $43,620.

Answer 1

Answer:

If the year-end cash balance is $27,150, the beginning cash balance was: a $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