A firm had a cash balance of $52,000 at the beginning of the year. There was a net decrease in cash.


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A firm had a cash balance of $52,000 at the beginning of the year. There was a net decrease in cash. 1 answer below » A firm had a cash balance of $52,000 at the beginning of the year.  There was a net decrease in cash and cash equivalents (defined as cash inflows minus outflows during the period) of $8,000.  What is the ending cash balance? A. $34,000 B. $44,000 C. $60,000 D. $70,000 Feb 04 2016 11:19 AM

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