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Question
Analysis reveals that a company had a net increase in cash of $20,000 for the current year. Net cash provided by operating activities was $18,000; net cash used in investing activities was $10,000 and net cash provided by financing activities was $12,000. If the year-end cash balance is $24,000, the beginning cash balance was:A.$4,000.
B.$16,000.
C.$44,000.
D.$40,000.
E.$39,000.
Answer
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