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eBook Calculator Cash and Cash Equivalents and the Statement of Cash Flows Danvers Company began the...


eBook Calculator Cash and Cash Equivalents and the Statement of Cash Flows Danvers Company began the year with $12,000 in cas
eBook Calculator Cash and Cash Equivalents and the Statement of Cash Flows Danvers Company began the year with $12,000 in cash and another $8,500 in cash equivalents. During the year, operations generated $140,000 in cash. Net cash used in investing activities during the year was $210,000, and the company raised a net amount of $180,000 from financing activities. Required: Determine the year-end balance in cash and cash equivalents.
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ANSWER : YEAR END BALANCE IN CASH AND CASH EQUIVALENTS = $ 130500

OPENING CASH AND CASH EQUIVALENTS $ 20500

CASH FROM OPERATING ACTIVITIES $ 140000

CASH FROM INVESTING ACTIVITIES ($210000)

CASH FROM IFINANCING ACTIVITIES $180000

YEAR END BALANCE IN CASH AND EQUIVALENTS    $ 130500

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