CIMA BA3 · Chapter 12 · Question 10 of 10
A company's statement of cash flows shows net cash from operating activities of $42,000, net cash used in investing activities of $31,500 and net cash used in financing activities of $6,800. Cash and cash equivalents at the start of the year were $3,200. What were cash and cash equivalents at the end of the year?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) $6,900
Explanation
Net increase in cash = $42,000 - $31,500 - $6,800 = $3,700. Closing cash = $3,200 + $3,700 = $6,900.
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