Sheridan Company reports: Cash provided by operating activities $ 329000
Cash used by investing activities 119000
Cash provided by financing activities 139000
Beginning cash balance 92000
What is Sheridan’s ending cash balance?

$441,000

Explanation:

The following can be deuced from the question:

Cash provided by operating activities = $329000

Cash used by investing activities = $119000

Cash provided by financing activities = $139000

Beginning cash balance = $92000

Sheridan’s ending cash balance will be:

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by operating activities

= $92000 + $329000 + $139000 - $119000

= $441,000

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