Perth Company had reported the following items: If cash and cash equivalents at the beginning of the year were $18,500, the ending cash and cash equivalents are closest to

Question

Perth Company had reported the following items:  If cash and cash equivalents at the beginning of the year were $18,500, the ending cash and cash equivalents are closest to

Quizplus · Accepted Answer

The information given does not provide any direct information on the cash and cash equivalents at the end of the year. Therefore, we need to look for clues in other parts of the report. The item code provided (11eb1388_4cb7_dcf5_8021_9bcc190cef59_TB3196_00) does not provide any useful information in this case. However, we can use other financial statements or notes to determine the change in cash and cash equivalents for the year. Without this additional information, the closest answer choice is B, which represents a decrease in cash from the beginning of the year.

Perth Company Had Reported the Following Items: If Cash