The statement of cash flows shows the following information:
-Cash provided by operating activities of $16,500
-Cash used by investing activities of $8,400
-Cash used by financing activities of $2,900
The beginning cash was $14,000.What is the amount of cash at the end of the period?

Question

Quizplus · Accepted Answer

To calculate the ending cash balance, we need to add the cash provided by operating activities to the beginning cash and subtract the cash used by investing and financing activities. 
Ending cash = Beginning cash + Cash provided by operating activities - Cash used by investing activities - Cash used by financing activities 
= $14,000 + $16,500 - $8,400 - $2,900 
= $19,200 
Therefore, the correct answer is (D) $19,200.

The Statement of Cash Flows Shows the Following Information