Information from the 2016 and 2017 Accounting Records of Roman

question 66

Essay

Information from the 2016 and 2017 accounting records of Roman Corp. follows:
$\begin{array}{lrr}&12/31/17&12/31/16\\\text { Net cash provided by operations } & \$ 38,000 & \$ 7,000 \\\text { Net cash provided (used) by investing activities } & (19,000) & 16,000 \\\text { Net cash provided (used) by financing activities } & 43,000 & (9,000) \\\text { Cash balance } & ? & 23,000\end{array}$
Calculate the December 31, 2017 ending cash balance.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity’s primary line of business.

Fiscal Year

A one-year period that companies use for accounting purposes and preparing financial statements, which might not align with the calendar year.

Indirect Method

A way of calculating cash flows in the cash flow statement where net income is adjusted for changes in non-cash accounts to arrive at cash provided by operating activities.

Operating Activities

Operating activities refer to the day-to-day operations of a business that generate revenue and incur expenses, impacting the company's cash flow.