82. Marvel Shoes
Marvel Shoes reported the following items on its statement of cash flows for the current year:
Net cash inflows from operating activities $70,000
Net cash outflows from investing activities (20,000)
Net cash outflows from financing activities (40,000)
Cash balance at the beginning of the year 30,000


Read the information about Marvel Shoes. What was the cash balance for Marvel Shoes at the end of the current year?
A. $ 10,000
B. $ 30,000
C. $ 40,000
D. $ 70,000
 
 
View Solution
 
 
 
<< Back Next >>