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16 March, 00:59

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

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  1. 16 March, 03:22
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    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
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