Selected information from the 2014 and 2013 accounting records of Hinley Roofing is provided below: $\begin{array}{lcc}&\text { December 31, }\&2014&2013\
\text { Net cash provided (used) by operations } & \$ 38,000 & \$ 39,000 \
\text { Net cash provided (used) by investing activities } & (22,000) & 14,000 \
\text { Net cash provided (used) by financing activities } & (15,000) & (26,000) \
\text { Cash balance at end of year } & ? & 15,000
\end{array}$ At the end of 2014, how much is Riddle's cash balance?

Question

Quizplus · Accepted Answer

The net change in cash is $38,000 + (-$22,000) + (-$15,000) = $1,000.  The ending cash balance is the beginning cash balance plus the net change in cash, so the ending cash balance is $15,000 + $1,000 = $16,000.

Selected Information from the 2014 and 2013 Accounting Records of Hinley