The Cumulative Cash Surplus or Deficit

The cumulative cash surplus or deficit:

A) Is equal to the beginning cash balance plus the net cash flow for the period.
B) Is used as the beginning cash balance for the subsequent time period.
C) Reflects a firm's cash balance after subtracting the minimum required balance.
D) Is an indication that a firm is facing financial foreclosure when the balance is a deficit.
E) Reflects the long-term borrowing needs of a firm.