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Calculate the balance of cash as of december

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Question - On January 1, 20X1, Shimmer Metals Inc. and its subsidiary, Black Coal Mines Inc., had a consolidated cash balance of $200,000. During the year 20X1, the consolidated entity's net cash provided by operating activities was $150,000. Cash provided by investing activities was $25,000 and cash used in financing activities was $40,000. Calculate the balance of cash as of December 31, 20X1.

Reference no: EM133145583

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