The current period statement of cash flows includes the flowing: 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 flowing:  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 cash balance at the end of the period can be found by looking at the bottom line of the cash flow statement, which shows a net increase in cash of $190,000. If we add this to the beginning cash balance of $165,000, we get a total cash balance of $355,000 at the end of the period. Therefore, the correct answer is C.

The Current Period Statement of Cash Flows Includes the Flowing