Asked Feb 13, 2020

If the statement of cash flows shows the following, what is the year-end cash balance?

Increase in cash                   $ 4,000

Cash at beginning of year     18,000


Question 1 options:










Expert Answer

Step 1

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. Ope...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in



Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: what is the managerial accounting

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any spec...


Q: Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in ...

A: Following are the description of given transactions and source of each posting:


Q: The balance in the prepaid insurance account before adjustment on December 31, 2007 is $5,000. The a...

A: Prepaid expense: Expenses of future period are paid in advance. These expenses are called prepaid ex...


Q: What is a corporate charter and what does it permit?

A: A corporate charter is a legal document establishing the existence of a corporation. Once the charte...


Q: Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget tha...

A: Click to see the answer


Q: How do you calculate all the ratios?

A: Financial ratios are used to interpret the financial statements. Each financial ratio helps in under...


Q: I cannot figure out what else to fill in the blank spaces. All of the answers are wrong

A: Treasury stock: The shares of a corporation which are bought back from the shareholders for cash but...


Q: Required: Using Exhibit 9–9 as your guide, prepare the company’s flexible budget for July. The Termi...

A: Job order costing system is a system for allocating and gathering together the cost of manufacturing...


Q: Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produ...

A: 1. Calculate the amount of product cost in January.