Moving to the next question prevents changes to this answer. Question 16 O\'Brie

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Moving to the next question prevents changes to this answer. Question 16 O'Brien Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017 The beginning balance in the Cash account was $2,900. Net cash provided by operating activities: $40,000 Net cash used for investing activities: $(25,500) Net cash provided by financing activities: $1,700 The statement of cash flows will show and ENDING CASH BALANCE OF ??? (show all your work for full credit) (Paragraph :| Arial 113(12pt) :) :-. I-. T··e HTH CSS Path: p

Explanation / Answer

Calculation of ending cash balance (Amount in $)

Therefore the ending cash balance is $19,100

Statement of Cash Flows Net cash provided by operating activities (A) 40,000 Net cash used for investing activities (B) (25,500) Net cash provided by financing activities (C) 1,700 Net Increase or (decrease) in cash (D = A+B+C) 16,200 The beginning cash balance (E) 2,900 The ending cash balance (D+E) 19,100

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