Stormer Company Reports the Following Amounts on Its Statement of Cash

question 78

Multiple Choice

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000;net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000.If the beginning cash balance is $5,000,what is the ending cash balance?

• A)$55,000.
• B)$45,000.
• C)$31,000.
• D)$6,000.
• E)$11,000.

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