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Selected Information from the 2014 and 2013 Accounting Records of Hinley

question 9

Multiple Choice

Selected information from the 2014 and 2013 accounting records of Hinley Roofing is provided below:  December 31, 20142013 Net cash provided (used)  by operations $38,000$39,000 Net cash provided (used)  by investing activities (22,000) 14,000 Net cash provided (used)  by financing activities (15,000) (26,000)  Cash balance at end of year ?15,000\begin{array}{lcc}&\text { December 31, }\\&2014&2013\\\text { Net cash provided (used) by operations } & \$ 38,000 & \$ 39,000 \\\text { Net cash provided (used) by investing activities } & (22,000) & 14,000 \\\text { Net cash provided (used) by financing activities } & (15,000) & (26,000) \\\text { Cash balance at end of year } & ? & 15,000\end{array} At the end of 2014, how much is Riddle's cash balance?

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Definitions:

Declines

Declines refer to the reduction in value, quantity, quality, or strength of something over a period of time.

Breach

The violation or non-fulfillment of a contract, agreement, or duty.

Delayed Opening

A situation where the start of something, such as a business day or event, is postponed from its scheduled time.

Timely Performance

Executing or completing a task or duty within the allocated or agreed upon time frame.

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