The current period statement of cash flows includes the following: Cash balance at the beginning of the period
$310,000
Net cash flow from operating activities
185,000
Net cash flow used for investing activities
43,000
Net cash flow used for financing activities
97,000
The cash balance at the end of the period is
A) $45,000
B) $635,000
C) $355,000
D) $125,000

Question

Quizplus · Accepted Answer

To find the cash balance at the end of the period, we need to add the net cash flow from operating activities, investing activities, and financing activities to the beginning cash balance.

Beginning cash balance: $310,000 
Net cash flow from operating activities: +$185,000 
Net cash flow used for investing activities: -$43,000 
Net cash flow used for financing activities: -$97,000 
Ending cash balance: $310,000 + $185,000 - $43,000 - $97,000 = $355,000

Therefore, the correct answer is C: $355,000.

The Current Period Statement of Cash Flows Includes the Following