Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows
Refer to the following information for 2017:
Net cash provided by operating activities: $109,000
Net cash used for investing activities: $(114,500 )
Net cash provided by financing activities: $16,000
If the cash balance at the beginning of the year was $13,200, what is the ending cash balance?
A) $23,700
B) $10,500
C) $13,200
D) $5,500
A .A)
Net cash flows from operating activities $109,000
Net cash flows from investing activities (114,500 )
Net cash flows from financing activities 16,000
Net change in cash $10,500
Cash balance, beginning 13,200
Cash balance, ending $23,700
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