Quince Holman Corporation reports: $\begin{array}{lr}
\text { Cash provided by operating activities } & \$ 250,000 \
\text { Cash used by investing activities } & 110,000 \
\text { Cash provided by financing activities } & 140,000 \
\text { Beqinning cash balance } & 70,000
\end{array}$
What is Holman's ending cash balance?
A)$280,000.
B)$350,000.
C)$500,000.
D)$570,000.

Question

Quince Holman Corporation reports: $\begin{array}{lr}
\text { Cash provided by operating activities } & \$ 250,000 \
\text { Cash used by investing activities } & 110,000 \
\text { Cash provided by financing activities } & 140,000 \
\text { Beqinning cash balance } & 70,000
\end{array}$ 
What is Holman's ending cash balance?
A)$280,000.
B)$350,000.
C)$500,000.
D)$570,000.

Quizplus · Accepted Answer

The ending cash balance is calculated by adding the beginning cash balance to the net cash provided by operating, investing, and financing activities: $70,000 + $250,000 - $110,000 + $140,000 = $350,000.

Quince Holman Corporation Reports What Is Holman's Ending Cash Balance? A)$280,000

Quince Holman Corporation Reports What Is Holman's Ending Cash Balance?
A)$280,000