Cash balance at the beginning of the period $310,000 Net cash flows from operating activities 185,000 Net cash flows used for investing activities (43,000) Net cash flows used for financing activities (97,000) The cash balance at the end of the period is

Cash balance at the beginning of the period $310,000 Net cash flows from operating activities 185,000 Net cash flows used for investing activities (43,000) Net cash flows used for financing activities (97,000) The cash balance at the end of the period is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

The current period statement of cash flows includes the following:
Cash balance at the beginning of the period
$310,000
Net cash flows from operating activities
185,000
Net cash flows used for investing activities
(43,000)
Net cash flows used for financing activities
(97,000)
The cash balance at the end of the period is
Oa. $125,000
Ob. $355,000
Oc. $45,000
Od. $635,000

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