Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance

Closing net cash balance = $55,000

Explanation:

The cash flow statement is a financial statement that provides information about the sources and the usage of cash during a particular accounting period usually a year.

It provides the cash inflow and outflows under three (3) categories of operating investing, financing.

The total net cash balance is the sum of the net cash balances under the 3 categories

Net cash balance

$

Operating activity 28,000

Investing activities 10,000

Financing activities 12,000

Net cash balance 50,000

Opening cash balance 5,000

Closing net cash balance 55,000