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A firm opens with cash of 20,000. Operating flow is +50,000, investing -30,000 and financing +15,000. Closing cash is?
A35,000
B45,000
C65,000
D55,000
Answer & Solution
Correct answer: D. 55,000
Net change is 50,000 - 30,000 + 15,000 = 35,000, and adding opening cash of 20,000 gives 55,000.
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