Analysis Reveals That a Company Had a Net Increase in Cash

question 120

Multiple Choice

Analysis reveals that a company had a net increase in cash of $20,000 for the current year.Net cash provided by operating activities was $18,000;net cash used in investing activities was $10,000 and net cash provided by financing activities was $12,000.If the year-end cash balance is $24,000,the beginning cash balance was:

• A)$4,000.
• B)$16,000.
• C)$44,000.
• D)$40,000.
• E)$39,000.