Clark Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for the year 2015: The beginning balance in the Cash account was $2,500
Net cash provided by operating activities: $39,000
Net cash used for investing activities: $(25,000)
Net cash provided by financing activities: $1,200
Which of the following statements is true?
A) The statement of cash flows will show ending cash balance of $15,200.
B) The statement of cash flows will show total net cash flows of $64,000 positive.
C) The statement of cash flows will show total net cash flows of $15,200 negative.
D) The statement of cash flows will show ending cash balance of $17,700.
Correct Answer:
Verified
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