Gordman Corporation reports: $\begin{array}{lr}
\text { Cash provided by operating activities } & \$ 200,000 \
\text { Cash used by investing activities } & 110,000 \
\text { Cash provided by financing activities } & 140,000 \
\text { Beqinning cash balance } & 70,000
\end{array}$
What is Gordman's ending cash balance?
A)$230,000.
B)$300,000.
C)$450,000.
D)$520,000.

Question

Gordman Corporation reports: $\begin{array}{lr}
\text { Cash provided by operating activities } & \$ 200,000 \
\text { Cash used by investing activities } & 110,000 \
\text { Cash provided by financing activities } & 140,000 \
\text { Beqinning cash balance } & 70,000
\end{array}$ 
What is Gordman's ending cash balance?
A)$230,000.
B)$300,000.
C)$450,000.
D)$520,000.

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 + $200,000 - $110,000 + $140,000 = $300,000.

Gordman Corporation Reports What Is Gordman's Ending Cash Balance? A)$230,000

Gordman Corporation Reports What Is Gordman's Ending Cash Balance?
A)$230,000