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 current period statement of cash flows shows that the cash balance at the beginning of the period was $190,000, and that there were net cash inflows of $165,000 from operating activities and $45,000 from financing activities. Therefore, the ending cash balance is $190,000 + $165,000 + $45,000 = $400,000. The option for $355,000 is the closest to the ending cash balance of $400,000. Therefore, the correct answer is C.

The Current Period Statement of Cash Flows Includes the Flowing