Analysis reveals that a company had a net increase in cash of $21,980 for the current year. Net cash provided by operating activities was $19,800; net cash used in investing activities was $10,900 and net cash provided by financing activities was $13,080. If the year-end cash balance is $26,700, the beginning cash balance was:

A. $42,960.
B. $43,960.
C. $17,260.
D. $4720.
E. $48,680.


Answer: D

Business

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