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27 July, 05:37

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance?

$55,000.

$45,000.

$31,000.

$6,000.

$11,000.

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Answers (1)
  1. 27 July, 06:10
    0
    The ending cash balance will be $11,000.

    $28,000 - $12,000

    $16,000

    $16,000-$10,000

    $6,000

    $6,000+$5,000

    $11,000
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