Analysis Reveals That a Company Had a Net Increase in Cash

question 180

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

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Definitions:

Poly-A Tail

A sequence of adenine nucleotides added to the 3' end of newly synthesized messenger RNA molecules.

Prokaryotes

Simple, unicellular organisms without a nucleus, including bacteria and archaea, characterized by the absence of membrane-bound organelles.

Eukaryotes

Organisms whose cells contain a nucleus enclosed within membranes, distinguishing them from prokaryotes.

Role

A function or part played by an individual or thing in a particular situation, system, or environment.