When preparing a statement of cash flows,net cash from operating activities + investing activities + financing activities = net increase/decrease in cash for the year.What appears next on the statement?
A) Add the beginning balance of cash for the year to determine the ending balance of cash for the year.
B) Deduct the beginning balance of cash for the year to determine the ending balance of cash for the year.
C) Deduct cash paid to suppliers to determine the ending balance of cash for the year.
D) Nothing. The statement is complete.

Question

Quizplus · Accepted Answer

Adding the beginning balance of cash to the net increase/decrease in cash for the year will give us the ending balance of cash for the year, which completes the statement of cash flows.

When Preparing a Statement of Cash Flows,net Cash from Operating