Question

You are analyzing the Statement of Cash flows for Coffey Corporation. You have the following information:

Beginning Cash: Ending Cash: $285
Net cash increase: $102

Calculate the Beginning Cash.

a. $102
b. $153
c. $183
d. $245
e. $387

Answer 1

Therefore the correct option is c. $183

Step-by-step explanation:

The computation of the beginning cash is shown below:

As we know that

Beginning cash is

= Ending cash - net cash increase

= $285 - $102

= $183

Hence, the beginning cash is $183

Therefore the correct option is c. $183

We simply applied the above formula so that the correct value could come

And, the same is to be considered