Consider the following cash flow information for Skyline Corp. Calculate the opening cash balance in 2023. Category 2023 2024 Cash Flow from Operating Activities $700 $1,200 Cash Flow from Investing Activities ($1,500) $600 Cash Flow from Financing Activities ($400) ($800) Ending Cash Balance $32,000 What was Skyline Corp.'s opening cash balance in 2023?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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Consider the following cash flow information for Skyline
Corp. Calculate the opening cash balance in 2023.
Category
2023
2024
Cash Flow from Operating Activities $700 $1,200
Cash Flow from Investing Activities ($1,500) $600
Cash Flow from Financing Activities ($400) ($800)
Ending Cash Balance
$32,000
What was Skyline Corp.'s opening cash balance in 2023?
Transcribed Image Text:Consider the following cash flow information for Skyline Corp. Calculate the opening cash balance in 2023. Category 2023 2024 Cash Flow from Operating Activities $700 $1,200 Cash Flow from Investing Activities ($1,500) $600 Cash Flow from Financing Activities ($400) ($800) Ending Cash Balance $32,000 What was Skyline Corp.'s opening cash balance in 2023?
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