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Unformatted text preview: providing them with a return on their investment, and borrowing money from creditors and repaying the amounts borrowed.) 6. Addison, Inc. reports: Cash provided by operating activities: $2,300,000 Cash used by investing activities: 640,000 Cash used by financing activities: 220,000 Beginning cash balance: 340,000 What is Addison's ending cash balance? Cash provided by operating activities: $2,300,000 Less: Cash used by investing activities: (640,000) Less: Cash used by financing activities: (220,000) Net increase in Cash: $1,440,000 Add: Beginning cash balance: $340,000 Ending cash balance: $1,780,000. 7. Borrowing money from creditors and repaying the amounts borrowed are financing activities...
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