A company ended the year with $4.5 million in cash. During this year, it had earned $2.4 million in operating and financing activities. Which of the following statements is necessarily True?
A) The company started the year with less than $2.1 million.
B) The company started the year with more than $2.1 million.
C) The company started the year with $2.1 million minus the amount of investing activities during the year.
D) The company started the year with $2.1 million plus the amount of investing activities during the year.
E) The company started the year with $4.5 million in cash.
Correct Answer:
Verified
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