Question

Analysis reveals that a company had a net increase in cash of $22.420 for the current year. Net cash provided by operating activities was $20,200, net

cash used in investing activities was $11,100 and net cash provided by financing activities was $13,320. If the year-end cash balance is $27,300, the
beginning cash balance was:

Answer 1

Answer: 4,840

Explanation: Analysis reveals that a company had a net increase in cash of $22,310 for the current year.

Therefore,

The year-end cash balance - the beginning cash balance = $22,310

The beginning cash balance = The year-end cash balance - $22,310

The year-end cash balance is $27,150

The beginning cash balance = $27,150 - $22,310 = $4,840