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Determine the year-end balance in cash and cash equivalents

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Question - Cash and Cash Equivalents and the Statement of Cash Flows Danvers Company began the year with $16,000 in cash and another $8,500 in cash equivalents. During the year, operations generated $140,000 in cash. Net cash used in investing activities during the year was $210,000, and the company raised a net amount of $180,000 from financing activities. Determine the year-end balance in cash and cash equivalents.

Reference no: EM133140086

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