A corporation prepared its statement of cash flows for the year.The following information is taken from that statement: What is the cash balance at the beginning of the year?
A)$5,600
B)$2,800
C)$6,300
D)$15,400

Question

A corporation prepared its statement of cash flows for the year.The following information is taken from that statement:  What is the cash balance at the beginning of the year?
A)$5,600 
B)$2,800 
C)$6,300 
D)$15,400

Quizplus · Accepted Answer

The cash balance at the beginning of the year can be found under the "Beginning balance" column in the statement of cash flows, which is $2,800.

A Corporation Prepared Its Statement of Cash Flows for the Year.The