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

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
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Calculate the beginning cash balance

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
Transcribed Image Text: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
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