A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: What is the cash balance at the beginning of the year?
A) $5,600
B) $2,800
C) $6,300
D) $15,400

Question

A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:  What is the cash balance at the beginning of the year?
A) $5,600 
B) $2,800 
C) $6,300 
D) $15,400

Quizplus · Accepted Answer

The beginning balance of cash is shown in the first line of the statement of cash flows, under the heading "Beginning cash balance." According to the information given, the beginning cash balance is $2,800.

A Corporation Prepared Its Statement of Cash Flows for the Year