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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

FINANCIAL ACCOUNTING
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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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
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