Certified Auto Parts Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017:
Net cash provided by operating activities: $109,000
Net cash used for investing activities: $(115,500)
Net cash provided by financing activities: $18,000
If the cash balance at the beginning of the year was $13,200,what is the ending cash balance?
A) $24,700
B) $11,500
C) $13,200
D) $6,500
Correct Answer:
Verified
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