Stormer Company Reports the Following Amounts on Its Statement of Cash

question 171

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

---

Definitions:

Good and Bad Qualities

Characteristics or attributes of a person, object, or action that are deemed positive or negative based on moral, social, or personal standards.

Positively

In a manner that is optimistic, constructive, or beneficial, often associated with affirmative actions and outcomes.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well, often linked to reliability and self-discipline.