Perez Company Is Preparing Its Statement of Cash Flows Using

question 39

Multiple Choice

Perez Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1) Repayments on Long-Term Notes Payable $58,000
"2) New borrowing on Long-Term Notes Payable $19,000
Which of the following statements is accurate regarding the statement of cash flows?"

• A)Net cash used for financing activities will amount to $(39,000).
• B)Net cash used for investing activities will amount to $58,000.
• C)Net cash provided by financing activities will amount to $39,000.
• D)Net cash provided by investing activities will amount to $39,000.

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Definitions:

Sense of Commitment

A psychological state that represents being bound emotionally or intellectually to a course of action or to another person/other people.

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A personality trait that involves a sense of control, commitment, and an ability to embrace challenge as a means of personal growth.

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Vaginal Intercourse

The sexual activity involving the insertion of the penis into the vagina.