Calculate the beginning cash balance Given the following data, calculate the beginning cashbalance:Operating activities $10,000Investing activities -3,000Financing activities 2,000Ending cash12,000a. $9,000b. $3,000c. -$9,000d. -$3,000e. None of the above

Step 1: Define Beginning Cash BalanceBeginning cash balance refers to the amount of cash available…

Answered: Given the following data, calculate the…

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 10MCQ

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Given the following data, calculate the beginning cash balance: Operating activities $10,000 Investing activities -3,000 Financing activities 2,000 Ending cash 12,000 a. $9,000 b. $3,000 c. -$9,000 d. -$3,000 e. None of the above