Avatar Company Uses the Indirect Method to Prepare Its Statement

question 98

Multiple Choice

Avatar Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year 2015: Net cash provided by operating activities: $102,000
Net cash used in investing activities: $(113,500)
Net cash provided by financing activities: $15,000
If the cash balance at the beginning of the year was $13,000, what would be the ending cash balance?

• A)$16,500
• B)$3,500
• C)$13,000
• D)$10,500

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