Clark Coatings Company Uses the Indirect Method to Prepare Its

question 95

Multiple Choice

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)

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Definitions:

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