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 beginning cash balance is reported at the top of the statement, and in this case it is $2,800.

A Corporation Prepared Its Statement of Cash Flows for the Year