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Question 8 (1 point) The Matisse Co. reported the following information: Net cash inflow from financing activities $20,000 Net cash outflow from operating activities $7,000

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Question 8 (1 point) The Matisse Co. reported the following information: Net cash inflow from financing activities $20,000 Net cash outflow from operating activities $7,000 Net cash outflow from investing activities $4,000 Ending cash balance on December 31st $32,000 What is the beginning cash balance on January 1st? O a) $42,000. b) $23,000. b c) $22,000. d) $41,000

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