Question

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?

$55,000.
$45,000.
$31,000.
$6,000.
$11,000.

Answer 1

the ending cash balance will be $11,000.

$28,000- $12,000
$16,000
$16,000-$10,000
$6,000
$6,000+$5,000
$11,000