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Given the following information for Company X at the end of 2019: ·         Net cash flows from...

Given the following information for Company X at the end of 2019:

·         Net cash flows from operating activities is $150,000

·         Net cash flows from investing activities is ($50,000)

·         Net cash flows from financing activities is ($80,000)

·         Cash balance at the beginning of the 2019 is $10,000

From the previous information, the balance of cash at the end of 2019 is:

Select one:

a. $20,000

b. All answers are wrong

c. $10,000

d. 0

e. $30,000

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Answer #1
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Company X Amount $
Cash balance at the beginning of the 2019     10,000.00
Add: Net cash flows from operating activities 150,000.00
Add: Net cash flows from investing activities (50,000.00)
Add: Net cash flows from financing activities (80,000.00)
The balance of cash at the end of 2019     30,000.00
Answer is option e $ 30,000.
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