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 cash balance at the beginning of the year can be found under the "Beginning balance" section on the statement of cash flows, which is $2,800.

A Corporation Prepared Its Statement of Cash Flows for the Year.The