Question

Addison, Inc. reports: Cash provided by operating activities $2,300,000 Cash used by investing activities 640,000 Cash used b
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Answer #1

Answer: $1,780,000

Explanation

Statement of Cash Flows
$
Cash provided by Operating Activities 2,300,000.00
Cash used by investing activities (640,000.00)
Cash used by financing activities (220,000.00)
Net Increase in Cash 1,440,000.00
Add: Cash balance at the beginning of the year 340,000.00
Cash balance at the end of the year 1,780,000.00
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