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Question(s) / Instruction(s):

Analysis reveals that a company had a net decrease in cash of $4,000 for the current year. Net cash provided by operating activities was $18,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the year-end cash balance is $21,000, the beginning cash balance was:

  1. $3,000.
  2. $7,000.
  3. $17,000.
  4. $25,000.
  5. $39,000.

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