C is corrent. The requirement is to determine the cash balance at the end of the year. To calculate the cash balance at the end of the year, you should combine the effects of the changes in operating, investing, and financing activities, and add the beginning cash balance. $351,000 – $420,000 + $250,000 = change in cash of $181,000 + beginning cash balance of $27,000 = $208,000 ending balance in cash.
A is incorrect. To calculate the cash balance at the end of the year, you should combine the effects of the changes in operating, investing, and financing activities, and add the beginning cash balance. $351,000 – $420,000 + $250,000 = change in cash of $181,000 + beginning cash balance of $27,000 = $208,000 ending balance in cash.
A is incorrect. To calculate the cash balance at the end of the year, you should combine the effects of the changes in operating, investing, and financing activities, and add the beginning cash balance. $351,000 – $420,000 + $250,000 = change in cash of $181,000 + beginning cash balance of $27,000 = $208,000 ending balance in cash.
D is incorrect. To calculate the cash balance at the end of the year, you should combine the effects of the changes in operating, investing, and financing activities, and add the beginning cash balance. $351,000 – $420,000 + $250,000 = change in cash of $181,000 + beginning cash balance of $27,000 = $208,000 ending balance in cash.
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