Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $40,500; net cash used in investing activities was $15,000 and net cash used in financing activities was $19,500. If the beginning cash balance is $7500, what is the ending cash balance?
A. $43,500.
B. $6000.
C. $67,500.
D. $82,500.
E. $13,500.
Answer: E
Business
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