Question: Analysis reveals that a company had a net decrease in cash of $5,500 for the current year. Net cash provided by operating activities was $19,500;
Analysis reveals that a company had a net decrease in cash of $5,500 for the current year. Net cash provided by operating activities was $19,500; net cash used in investing activities was $11,500 and net cash used in financing activities was $13,500. If the year-end cash balance is $28,500, the beginning cash balance was:
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