Table 17-3
Cando Company uses the indirect method to prepare its statement of cash flows. Refer to the following information:
Additional information provided:

-Refer to Table 17-3.What was the net amount of cash from investing activities?
A) $30,000 negative
B) $60,000 positive
C) $52,000 negative
D) $38,000 negative

Question

Table 17-3
Cando Company uses the indirect method to prepare its statement of cash flows. Refer to the following information:
  Additional information provided:
 
-Refer to Table 17-3.What was the net amount of cash from investing activities?
A) $30,000 negative 
B) $60,000 positive 
C) $52,000 negative 
D) $38,000 negative

Quizplus · Accepted Answer

D) Calculations: ($70,000) + $32,000 = ($38,000)

Table 17-3 Cando Company Uses the Indirect Method to Prepare Its Statement