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 amount of net cash flow would be shown in the financing section of the statement of cash flows?
A) $15,000 positive
B) $6,000 positive
C) $5,000 positive
D) $7,000 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 amount of net cash flow would be shown in the financing section of the statement of cash flows?
A) $15,000 positive 
B) $6,000 positive 
C) $5,000 positive 
D) $7,000 negative

Quizplus · Accepted Answer

A) Calculations: $40,000 - $25,000 = $15,000

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