If the cash balance at the beginning of the year was $13,200, what is the ending cash balance?
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018:
Net cash provided by operating activities: $109,000
Net cash used for investing activities: $(114,500)
Net cash provided by financing activities: $16,000
A) $23,700
B) $10,500
C) $13,200
D) $5500
A) $23,700
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