Marvel Shoes
Marvel Shoes Reported the Following Items on Its

Multiple Choice

Marvel Shoes
Marvel Shoes reported the following items on its statement of cash flows for the current year:
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$\begin{array}{lr}\text { Net cash inflows from operating activities } & \$ 70,000 \\\text { Net cash out flows from investing activities } & (20,000) \\\text { Net cash outflows from financing activities } & (40,000) \\\text { Cash balance at the beginning of the year } & 30,000\end{array}$ ​
-Read the information about Marvel Shoes.What was the cash balance for Marvel Shoes at the end of the current year?

A) $10,000
B) $30,000
C) $40,000
D) $70,000