Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by...
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Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities of $28,000, net cash used in investing activities of $10,000 and net cash used in financing activities of $12,000. If the beginning cash balance is $5,000, what is the ending cash balance? Multiple Cholce $1,000. $45,000. $31,000. $6,000. $5,000 Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities of $28,000, net cash used in investing activities of $10,000 and net cash used in financing activities of $12,000. If the beginning cash balance is $5,000, what is the ending cash balance? Multiple Cholce $1,000. $45,000. $31,000. $6,000. $5,000
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Correct option is 11000 Workings Statement of Cash Flows Cash flows ... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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