Analysis Reveals That a Company Had a Net Decrease in Cash

question 38

Multiple Choice

Analysis reveals that a company had a net decrease in cash of $4,000 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 used in financing activities was $12,000. If the year-end cash balance is $21,000, the beginning cash balance was:

• A) $3,000.
• B) $7,000.
• C) $17,000.
• D) $25,000.
• E) $39,000.

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Definitions:

Pollution Permits

Allowances provided by government authorities that enable the holder to emit a specific amount of pollutants into the environment.

Curbing Pollution

Efforts or policies aimed at reducing or controlling the emission of pollutants into the environment to protect public health and ecosystems.

Capitalism

An economic system where private individuals own capital goods, investments, and means of production, with the goal of making profits.

Market Economy

An economic system where supply and demand from consumers drive the production of goods and services, with minimal government intervention.