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Avatar Company Uses the Indirect Method to Prepare Its Statement

Question 75

Multiple Choice

Avatar Company uses the indirect method to prepare its statement of cash flows and provides following information about transactions for the year: Avatar Company uses the indirect method to prepare its statement of cash flows and provides following information about transactions for the year: What was the net amount of Cash from investing activities? A) $38,000 negative B) $60,000 positive C) $52,000 negative D) $30,000 negative What was the net amount of Cash from investing activities?


A) $38,000 negative
B) $60,000 positive
C) $52,000 negative
D) $30,000 negative

Correct Answer:

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