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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 7
Determining Beginning Cash Balance
Tyler, Inc.'s cash balance at December 31, 2015, the end of its financial reporting year, was $155,000. During 2015, cash provided by operations was $145,000, cash used in investing activities was $67,000, and cash provided by financing activities was $10,000. Calculate the amount of Tyler's beginning cash balance at January 1, 2015.
Tyler, Inc.'s cash balance at December 31, 2015, the end of its financial reporting year, was $155,000. During 2015, cash provided by operations was $145,000, cash used in investing activities was $67,000, and cash provided by financing activities was $10,000. Calculate the amount of Tyler's beginning cash balance at January 1, 2015.
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Determination of the opening cash balanc...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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