Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information: Net cash provided by operating activities: $109,000 Net cash used for investing activities: $(115,500) Net cash provided by financing activities: $18,000 If the cash balance at the beginning of the year was $13,200, what is the ending cash balance? A $ 13,200.00 B $ 6,500.00 C $ 24,700.00 D $ 11,500.00
Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information: Net cash provided by operating activities: $109,000 Net cash used for investing activities: $(115,500) Net cash provided by financing activities: $18,000 If the cash balance at the beginning of the year was $13,200, what is the ending cash balance? A $ 13,200.00 B $ 6,500.00 C $ 24,700.00 D $ 11,500.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Harrison Recyclers Company uses the indirect method to prepare its statement of
| Net cash provided by operating activities: $109,000 |
| Net cash used for investing activities: $(115,500) |
| Net cash provided by financing activities: $18,000 |
If the cash balance at the beginning of the year was $13,200, what is the ending cash balance?
| A | $ 13,200.00 |
| B | $ 6,500.00 |
| C | $ 24,700.00 |
| D | $ 11,500.00 |
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