Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance

Closing net cash balance= $55,000

Explanation:

The cash flow statement is a financial statement that provides information about the sources and the usage of cash during a particular accounting period usually a year.

It provides the cash inflow and  outflows under three (3 ) categories of operating investing, financing.

The total net cash balance is the sum of the net cash balances under the 3 categories

                                                    Net cash balance

                                                           $

Operating activity                         28,000

Investing activities                         10,000

Financing activities                       12,000

Net cash balance                           50,000

Opening cash balance                   5,000

Closing net cash balance             55,000

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

answer; (b) insider trading;