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:

Molecular Oxygen

A diatomic molecule made up of two oxygen atoms, essential for processes such as respiration in aerobic organisms.

Hemoglobin

An iron-containing protein in red blood cells that transports oxygen from the lungs to the tissues and carbon dioxide back to the lungs.

Pulmonary Emphysema

A lung condition that causes shortness of breath due to over-inflation of the air sacs in the lungs.

Alveoli

Tiny air sacs in the lungs where gas exchange occurs, allowing oxygen to enter the blood and carbon dioxide to be expelled.