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8 March, 07:04

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

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  1. 8 March, 07:24
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    Closing net cash balance = $55,000

    Explanation:

    The cash flow statement is a financial statement that provides information about the sources and the usage of cash during a particular accounting period usually a year.

    It provides the cash inflow and outflows under three (3) categories of operating investing, financing.

    The total net cash balance is the sum of the net cash balances under the 3 categories

    Net cash balance

    $

    Operating activity 28,000

    Investing activities 10,000

    Financing activities 12,000

    Net cash balance 50,000

    Opening cash balance 5,000

    Closing net cash balance 55,000
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