Information from the 2016 and 2017 accounting records of Roman Corp. follows:
$\begin{array}{lrr}
&12/31/17&12/31/16\
\text { Net cash provided by operations } & \$ 38,000 & \$ 7,000 \
\text { Net cash provided (used) by investing activities } & (19,000) & 16,000 \
\text { Net cash provided (used) by financing activities } & 43,000 & (9,000) \
\text { Cash balance } & ? & 23,000
\end{array}$
Calculate the December 31, 2017 ending cash balance.

Question

Information from the 2016 and 2017 accounting records of Roman Corp. follows:
 $\begin{array}{lrr}
&12/31/17&12/31/16\
\text { Net cash provided by operations } & \$ 38,000 & \$ 7,000 \
\text { Net cash provided (used) by investing activities } & (19,000) & 16,000 \
\text { Net cash provided (used) by financing activities } & 43,000 & (9,000) \
\text { Cash balance } & ? & 23,000
\end{array}$ 
Calculate the December 31, 2017 ending cash balance.

Quizplus · Accepted Answer

The Answer of Information from the 2016 and 2017 accounting records of Roman Corp. follows:
 $\begin{array}{lrr}
&12/31/17&12/31/16\
\text { Net cash provided by operations } & \$ 38,000 & \$ 7,000 \
\text { Net cash provided (used) by investing activities } & (19,000) & 16,000 \
\text { Net cash provided (used) by financing activities } & 43,000 & (9,000) \
\text { Cash balance } & ? & 23,000
\end{array}$ 
Calculate the December 31, 2017 ending cash balance.

Information from the 2016 and 2017 Accounting Records of Roman