Ask Question
8 August, 05:41

Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,100 Net cash provided by investing activities 6,000 Net cash flow used in financing activities (10,600) Cash balance, end of year 18,100 What is the cash balance at the beginning of the year?

+4
Answers (1)
  1. 8 August, 08:47
    0
    Cash Balance at the beginning of the year = $4,600

    Explanation:

    Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

    Opening Cash Balance = $18,100 - $13,500 = $4,600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers