Avatar Company uses the indirect method to prepare its cash flow statement.Refer to the following information for the year 2016: Net cash provided by operating activities: $110,000
Net cash used in investing activities: $(116,500)
Net cash provided by financing activities: $19,000
If the cash balance at the beginning of the year was $13,300,what would be the ending cash balance?
A) $12,500
B) $6500
C) $13,300
D) $25,800
Correct Answer:
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