Clark Company uses the indirect method to prepare its cash flow statement.Refer to the following information for the year 2016. Net cash provided by operating activities: $41,000
Net cash used for investing activities: $(28,000)
Net cash provided by financing activities: $1500
How much was the net change in cash during the year?

Question

Quizplus · Accepted Answer

The net change in cash is calculated by adding the net cash provided by operating activities ($41,000), the net cash used for investing activities ($-28,000), and the net cash provided by financing activities ($1,500). This results in a net change of $14,500.

Clark Company Uses the Indirect Method to Prepare Its Cash