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Avatar Company Uses the Indirect Method to Prepare Its Statement

Question 72

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Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:   Additional information provided:   Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $6,000 negative B) $6,000 positive C) $5,000 positive D) $7,000 negative Additional information provided:
Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:   Additional information provided:   Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $6,000 negative B) $6,000 positive C) $5,000 positive D) $7,000 negative Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows?


A) $6,000 negative
B) $6,000 positive
C) $5,000 positive
D) $7,000 negative

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