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Homework answers / question archive / Quince Holman Corporation reports: Cash provided by operating activities      $250,000 Cash used by investing activities               110,000 Cash provided by financing activities         140,000 Beginning cash balance                               70,000 What is Holman’s ending cash balance? a) $280,000 b) $350,000 c) $500,000 d) $570,000

Quince Holman Corporation reports: Cash provided by operating activities      $250,000 Cash used by investing activities               110,000 Cash provided by financing activities         140,000 Beginning cash balance                               70,000 What is Holman’s ending cash balance? a) $280,000 b) $350,000 c) $500,000 d) $570,000

Accounting

Quince Holman Corporation reports:

Cash provided by operating activities      $250,000

Cash used by investing activities               110,000

Cash provided by financing activities         140,000

Beginning cash balance                               70,000

What is Holman’s ending cash balance?

a) $280,000

b) $350,000

c) $500,000

d) $570,000

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Computation of the ending cash balance:-

Ending cash balance = Cash provided by operating activities - Cash used by investing activities + Cash provided by financing activities + Beginning cash balance

= $250,000 - $110,000 + $140,000 + $70,000

= $350,000

Correct option is b) $350,000

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