Question

Margot, a prospective investor, wants to know how much cash ziegler inc. has on december 31. margot can find the information in ziegler's: (select all that apply.)

Option 1: Income statement
Option 2: Cash flow statement
Option 3: Balance sheet
Option 4: Statement of retained earnings

Answer 1

The cash balance of Ziegler Inc. on December 31 can be found in the cash flow statement and balance sheet.

Step-by-step explanation:

The information about how much cash Ziegler Inc. has on December 31 can be found in Option 2: Cash flow statement and Option 3: Balance sheet.

The cash flow statement shows the inflows and outflows of cash during a period, which includes the cash balance at the end of the period. This statement provides information about how the company obtained and used its cash.

The balance sheet, on the other hand, provides a snapshot of the company's financial position at a specific point in time, including the cash balance.