Question

Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,100 Net cash provided by investing activities 6,000 Net cash flow used in financing activities (10,600 ) Cash balance, end of year 18,100 What is the cash balance at the beginning of the year?

Answer 1

Cash Balance at the beginning of the year = $4,600

Step-by-step explanation:

Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

Opening Cash Balance = $18,100 - $13,500 = $4,600