Question
Analysis reveals that a company had a net increase in cash of $22,200 for the current year. Net cash provided by operating activities was $20,000:
Analysis reveals that a company had a net increase in cash of $22,200 for the current year. Net cash provided by operating activities was $20,000: net cash used in investing activities was 11,000 and net cash provided by financing activities was $13,200. If the year- end cash balance is $27,000what was the beginning cash balance?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
9th Edition
1119754054, 9781119754053
