The beginning Cash balance was $8,000. At the end of the period, the balance was $12,000. If total cash paid out during the period was $24,000, the amount of cash receipts was OA. $28,000. OB. $32,000 OC. $44,000. OD. $36,000.

The beginning Cash balance was $8,000. At the end of the period, the balance was $12,000. If total cash paid out during the period was $24,000, the amount of cash receipts was OA. $28,000. OB. $32,000 OC. $44,000. OD. $36,000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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The beginning Cash balance was $8,000. At the end of the period, the balance was $12,000. If total cash paid out during the period was $24,000, the amount of cash
receipts was
OA. $28,000.
OB. $32,000.
OC. $44,000.
OD. $36,000.
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