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 analyzing the statement of cash flows. The ending cash balance is typically listed at the bottom of the statement. In this case, the ending cash balance is $355,000, as indicated by the "Cash and cash equivalents, ending balance" line item in the financing activities section. Therefore, choice C is the correct answer.

The Current Period Statement of Cash Flows Includes the Flowing