Question

If beginning cash equaled $10,000 and ending cash equals $19,000, which is true? A. Operating cash...

If beginning cash equaled $10,000 and ending cash equals $19,000, which is true?

A. Operating cash flow 9,000; Investing cash flow (3,500); Financing cash flow (2,500)

B. Operating cash flow 4,500; Investing cash flow 9,000; Financing cash flow (4,500)

C. Operating cash flow 2,000; Investing cash flow (13,000); Financing cash flow 2,000

D. none of the above

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Homework Answers

Answer #1

Solution: Option B ( The Net Cashflow form various activities Plus Opening Balance of Cash = Closing Balance of Cash)

Option B = True
Cash flow From Operating Activities 4500
Cash Flow from investing Activity 9000
Cash Flow from Financing Activity -4500
Total 9000
Add: Opening Cash Balance 10000
Ending Cash Balance 19000
Option A = False
Cash flow From Operating Activities 9000
Cash Flow from investing Activity -3500
Cash Flow from Financing Activity -2500
Total 3000
Add: Opening Cash Balance 10000
Ending Cash Balance 13000
Option C = False
Cash flow From Operating Activities 2000
Cash Flow from investing Activity -13000
Cash Flow from Financing Activity 2000
Total -9000
Add: Opening Cash Balance 10000
Ending Cash Balance 1000
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