Clark Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for the year 2017:
Net cash provided by operating activities: $42,000
Net cash used for investing activities: $(30,000)
Net cash provided by financing activities: $1,700
What is the net change in cash during the year?
A) $(13,700)
B) $40,300
C) $13,700
D) $(12,000)
Correct Answer:
Verified
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