O'Brien Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2017:
The beginning balance in the Cash account was $2,600.
Net cash provided by operating activities: $39,000
Net cash used for investing activities: $(26,500)
Net cash provided by financing activities: $1,400
The statement of cash flows will show ________.
A) ending cash of $13,900
B) total net cash flows of positive $65,500
C) total net cash flows of negative $13,900
D) ending cash of $16,500
Correct Answer:
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