Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance?
A. $11,000.
B. $6,000.
C. $31,000.
D. $45,000.
E. $55,000.
Answer: A
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What will be an ideal response?