(SOLVED) Maines Inc had a cash balance at the beginning of


Question Description:

$19

Maines, Inc., had a cash balance at the beginning of the year of $72,000. During the year, the following cash flows occurred:
From operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $136,000
From investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (56,000)
From financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (34,000)
Prepare an abbreviated statement of cash flows, including a reconciliation of the beginning and ending cash balances for the year.

Answer

$19