[Solved] Stormer Company Reports the Following Amounts on Its Statement of Cash

Question 142
Multiple Choice

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance?

A) $31,000.
B) $45,000.
C) $6,000.
D) $55,000.
E) $11,000.

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