he following selected information was obtained from KP Company's Statement of Cash Flows: $50,000 Cash Provided by Operating Activities Ending Cash $95,000 $10,000 $40,000 Cash Used by Investing Activities Cash Provided by Financing Activities was KP's beginning cash balance? 5,000 000 000 000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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10. The following selected information was obtained from KP Company's Statement of Cash Flows:
$50,000
Cash Provided by Operating Activities
Ending Cash
$95,000
$10,000
$40,000
Cash Used by Investing Activities
Cash Provided by Financing Activities
What was KP's beginning cash balance?
A) $175,000
B) $15,000
C) $10,000
D) $50,000
Transcribed Image Text:10. The following selected information was obtained from KP Company's Statement of Cash Flows: $50,000 Cash Provided by Operating Activities Ending Cash $95,000 $10,000 $40,000 Cash Used by Investing Activities Cash Provided by Financing Activities What was KP's beginning cash balance? A) $175,000 B) $15,000 C) $10,000 D) $50,000
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