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Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer ...

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Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer ...

Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017:

Net cash provided by operating activities: $109,000
Net cash used for investing activities: $(115,500)
Net cash provided by financing activities: $18,000

If the cash balance at the beginning of the year was $13,200, what is the ending cash balance?
A) $24,700
B) $11,500
C) $13,200
D) $6,500

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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More solutions for this book are available here

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softballjunkie1 Author

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Enough said, this helped my grade so much

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Casandra M.

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Great answer

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thx

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