Question
Asked Feb 13, 2020
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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:

 

$4,000

 

$18,000

 

$22,000

 

$14,000

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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...

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