Westmoreland 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)$15,680
B)$7,840
C)$17,640
D)$43,120

Question

Westmoreland 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)$15,680 
B)$7,840 
C)$17,640 
D)$43,120

Quizplus · Accepted Answer

The beginning cash balance is the first line item on the statement of cash flows, which is $7,840.

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