The current period statement of cash flows includes the following:

The cash balance at the end of the period is
A) $45,000
B) $635,000
C) $355,000
D) $125,000

Question

The current period statement of cash flows includes the following:

The cash balance at the end of the period is 
A) $45,000 
B) $635,000 
C) $355,000 
D) $125,000

Quizplus · Accepted Answer

The current period statement of cash flows indicates that there was a net increase in cash and cash equivalents of $200,000. If we add that to the beginning cash balance of $155,000, we get a total of $355,000 as the ending cash balance.

The Current Period Statement of Cash Flows Includes the Following