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B MC Qu. 12-143 Analysis reveals that a company had a net increase... Analysis reveals that a company had a net increase in cash of $20,440 for the current year. Net cash provided by operating activities was $18,400; net cash used in investing activities was $10,200 and net cash provided by financing activities was $12,240. If the year-end cash balance is $24,600, the beginning cash balance was:

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Answer:

$4,160

Explanation:

Calculation for what the beginning cash balance was:

Using this formula

Beginning cash balance=Ending balance-Increase in cash

Let plug in the formula

Beginning cash balance = $24,600 − $20,440 Beginning cash balance= $4,160

Therefore the beginning cash balance was: $4,160

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