Financial Accounting Fundamentals | Online Course Support

Company A has the following information excerpted from its financial statements: Assume the cash balance on Dec. 31 Year 2 is 15,000, what is the cash balance at the end of Year 1?


Correct answer. The cash balance in Year 2 (15,000) = the ending balance in Year 1 (?) + change in cash in Year 2 (1,000).

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