Analysis reveals that a company had a net increase in cash of $21,540 for the current year. Net cash provided by operating activities was $19,400; net cash used in investing activities was $10,700 and net cash provided by financing activities was $12,840. If the year-end cash balance is $26,100, the beginning cash balance was: O $47,640. $16,980. $4,560. $42,080. $43,080.

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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Analysis reveals that a company had a net increase
in cash of $21,540 for the current year. Net cash
provided by operating activities was $19,400; net
cash used in investing activities was $10,700 and
net cash provided by financing activities was
$12,840. If the year-end cash balance is $26,100,
the beginning cash balance was:
$47,640.
$16,980.
$4,560.
$42,080.
$43,080.
Transcribed Image Text:Analysis reveals that a company had a net increase in cash of $21,540 for the current year. Net cash provided by operating activities was $19,400; net cash used in investing activities was $10,700 and net cash provided by financing activities was $12,840. If the year-end cash balance is $26,100, the beginning cash balance was: $47,640. $16,980. $4,560. $42,080. $43,080.
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