Question

Quince Holman Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 Cash provided by financing activities 140,000 Beginning cash balance 70,000 What is Holman's ending cash balance

Answer 1

Holman's ending cash balance is $350,000.

Step-by-step explanation:

The Ending Cash Balance can be obtained by Preparing a Cash Flow Statement as follows :

Quince Holman Corporation

Cash Flow Statement

Net Cash from Operating Activities $250,000

Net Cash from Investing Activities ($110,000)

Net Cash from Financing Activities $140,000

Movement during the Year $280,000

Cash and Cash Equivalents at the Beginning of the year $70,000

Cash and Cash Equivalents at the End of the year $350,000

Conclusion :

Holman's ending cash balance is $350,000.