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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
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