During its fifth year of operations,Bright Creations Company reports a beginning cash balance of $132,000,cash inflows from investing activities of $210,000,cash outflows for financing activities of $79,000,and cash outflows for operating activities of $13,000.What was Bright Creations' cash balance at the end of the fifth year?
A)$250,000
B)$434,000
C)$276,000
D)$132,000

Question

Quizplus · Accepted Answer

The ending cash balance is calculated by adding cash inflows and subtracting cash outflows from the beginning balance: $132,000 + $210,000 - $79,000 - $13,000 = $250,000.

During Its Fifth Year of Operations,Bright Creations Company Reports a Beginning