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Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017:
Net cash provided by operating activities: $109,000
Net cash used for investing activities: $(115,500)
Net cash provided by financing activities: $18,000
If the cash balance at the beginning of the year was $13,200,what is the ending cash balance?
Common Stock
A type of equity security that represents ownership in a corporation, with rights to vote on corporate policy and receive dividends.
Liquidation
The process of winding up a company's operations and distributing its assets to claimants, typically occurring when the company is insolvent.
Preferred Shareholders
Investors who own preferred shares in a company, which often grant them priority over common shareholders in dividend payments and asset liquidation.
Dividend Growth Model
The dividend growth model is a valuation method used to estimate the price of a company's stock based on the assumption that dividends will increase at a steady rate indefinitely.
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