What is the amount of cash after external financing or actual change in cash if Wally Inc. has Cash from Sales of $500,000 for the fiscal year 20×3; a Cash Balance of $125,000 at December 31, 20×2; and a Cash Balance of $175,000 at the end of a December 31, 20×3?
(1) 50,000
(2) 300,000
(3) 800,000
(4) 850,000
We have been provided with the information ,that
Cash from Sales of $500,000 for the fiscal year 20×3;
a Cash Balance of $125,000 at December 31, 20×2;
a Cash Balance of $175,000 at the end of a December 31, 20×3
actual change in cash if Wally Inc calculated as follow
50,000
Difference between opening and closing
Closing 175000
Less
Opening 125000
actual change in cash if Wally Inc = $ 50,000
