O'Brien Coatings Company Uses the Indirect Method to Prepare Its

question 19

Multiple Choice

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

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