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The statement of cash flows shows the following information: Cash provided by operating activities of $17,900 Cash used by investing activities of $7,000 Cash used by financing activities of $1,500 The beginning cash was $16,500. What is the amount of cash at the end of the period?
A. $34,400
B. $25,900.
C. $42,900.
D. $7,100.

Respuesta :

Answer:

B. $25,900.

Explanation:

Using the cash flow statement format;

                                                                                   Amount  ($)

Cash provided by operating activities                            17,900.00  

Cash used by investing activities                                    (7,000.00)

Cash used by financing activities                                    (1,500.00)

 

Net Increase (Decrease ) in cash balance (a)             9,400.00  

 

Cash at the beginning of the year (b)                             16,500.00  

 

Cash at the end of the year c = a+b                             25,900.00  

The net balance is the net of the cash flows from the 3 activities (Operating, investing and financing). The cash at the end of the period is the net of cash flow from the 3 activities with cash at the beginning of the period.

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