A Company Ended the Year with $4

question 79

Multiple Choice

A company ended the year with $4.5 million in cash.During this year,it had earned $2.4 million in operating and financing activities.Which of the following statements is necessarily TRUE?

• A) The company started the year with less than $2.1 million.
• B) The company started the year with more than $2.1 million.
• C) The company started the year with $2.1 million minus the amount of investing activities during the year.
• D) The company started the year with $2.1 million plus the amount of investing activities during the year.
• E) The company started the year with $4.5 million in cash.

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