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Based on the information in the table below, what is the companys ending cash balance at the end of the year? Beginning cash balance $80,000
Based on the information in the table below, what is the companys ending cash balance at the end of the year?
Beginning cash balance | $80,000 |
Activities during the year | |
Decrease in Accounts Payable | $20,000 |
Decrease in Accounts Receivables | $10,000 |
Depreciation Expense | $15,000 |
Net Income | $90,000 |
Sale of fixed assets | $50,000 |
Sale of common stock | $30,000 |
Decrease in Notes Payable | $40,000 |
Dividends Paid | $60,000 |
Answer options : A- $175,000 , B- $155,000, C -$135,000
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