The current period statement of cash flows includes the following: Cash balance at the beginning of the period $310,000 Net cash flow from operating activities 185,000 Net cash flow used for investing activities 43,000 Net cash flow used for financing activities 97,000 The cash balance at the end of the period is

The cash balance at the end of the statement period has been $355,000.

The cash flow can be expressed as the net inflow and out flow of the cash from the company.

The cash balance has been given as :

Cash balance = Cash inflow - cash outflow

Cash inflow in the current period statement can be given as:

Cash inflow = Cash balance at the beginning + Cash provided by operating activities

Cash inflow = $310,000 + $185,000

Cash inflow = $495,000

Cash outflow in the current period statement can be given as:

Cash outflow = Cash used in investing + Cash used in financing

Cash outflow = $43,000 + $97,000

Cash outflow = $140,000

Cash balance at the end of the period has been:

Cash balance = $495,000 - $140,000

Cash balance = $355, 000.

The cash balance at the end of the statement period has been $355,000.

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The correct answer is $355,000.

Explanation:

According tot the scenario, the given data are as follows:

Cash balance at the beginning of the period = $310,000

Cash provided by operating activities = $185,000

Cash used in investing activities  = $43,000

Cash used in financing activities= $97,000

So, we can calculate the cash balance at the end by using following formula:

Cash at the end = Cash balance at the beginning + Cash provided by operating activities - Cash used in investing - Cash used in financing

= $310,000 + $185,000 - $43,000 -$97,000

= $355,000

Hence, The cash balance at the end of the period is $355,000.

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explanation:

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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