Yuka Company had a beginning cash balance of $1,875. In addition, Yuka Company reported the following items from its cash flow statement: Given this information, Yuka Company's ending cash balance is

Question

Yuka Company had a beginning cash balance of $1,875. In addition, Yuka Company reported the following items from its cash flow statement:  Given this information, Yuka Company's ending cash balance is

Quizplus · Accepted Answer

Beginning cash balance: $1,875
Additions:
- Cash inflow from operating activities: $1,040
- Cash inflow from investing activities: $2,500
Deductions:
- Cash outflow for financing activities: $1,025
Ending cash balance = Beginning cash balance + Additions - Deductions
= $1,875 + ($1,040 + $2,500) - $1,025
= $2,390

Yuka Company Had a Beginning Cash Balance of $1,875