Use the following information to calculate the change in the company's cash balance for the year.

A) $145,000
B) $180,000
C) $260,000
D) $365,000

Question

Use the following information to calculate the change in the company's cash balance for the year.

A) $145,000 
B) $180,000 
C) $260,000 
D) $365,000

Quizplus · Accepted Answer

To calculate the change in the company's cash balance for the year, we need to subtract the beginning cash balance from the ending cash balance. In this case, the beginning cash balance is $195,000, and the ending cash balance is $455,000. Therefore, the change in the company's cash balance for the year is $260,000 (i.e., $455,000 - $195,000). The correct answer is C.

Use the Following Information to Calculate the Change in the Company's