Perez Biofuels Company is preparing its statement of cash flows using the indirect method.Refer to the following information:
1.Repayments on Long-term Notes Payable $63,000
2.New borrowing on Long-term Notes Payable $19,000
Which of the following statements is correct?
A) Net cash used for financing activities is $(44,000) .
B) Net cash used for investing activities will is $63,000.
C) Net cash provided by financing activities is $44,000.
D) Net cash provided by investing activities is to $44,000.
Correct Answer:
Verified
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