The Following Items Provide Information About an Individual for the Past

question 178

Multiple Choice

The following items provide information about an individual for the past year. What is the individual's ending cash balance? $\begin{array}{lr}\text { Purchase of a new car}&\$25,000\\\text { Cash used on living expenses }&30,000\\\text { Beginning cash balance}&8,000\\\text {Net worth, begining }&22,000\\\text { Unpaid utility and rent bills}&2,000\\\text { Car loan proceeds}&20,000\\\text {Sale of old car }&1,000\\\text {Annual net pay from job }&44,000\\\text {Car loan payment }&1,000\\\end{array}$

• A) $35,000
• B) $37,000
• C) $17,000
• D) $19,000

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