Analysis Reveals That a Company Had a Net Decrease in Cash

question 38

Multiple Choice

Analysis reveals that a company had a net decrease in cash of $4,000 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 used in financing activities was $12,000. If the year-end cash balance is $21,000, the beginning cash balance was:

• A) $3,000.
• B) $7,000.
• C) $17,000.
• D) $25,000.
• E) $39,000.