Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,100 Net cash provided by investing activities 6,000 Net cash flow used in financing activities (10,600) Cash balance, end of year 18,100 What is the cash balance at the beginning of the year?

Question

Pooky

Business

6 May, 04:03

Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 18,100 Net cash provided by investing activities 6,000 Net cash flow used in financing activities (10,600) Cash balance, end of year 18,100 What is the cash balance at the beginning of the year?

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Aarav · Answer 1

Cash Balance at the beginning of the year = $4,600

Explanation:

Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

Opening Cash Balance = $18,100 - $13,500 = $4,600