Avatar Company Uses the Indirect Method to Prepare Its Statement

question 153

Multiple Choice

Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014: How much was the net cash flow from financing activities?

• A)$59,000 positive cash flow
• B)$42,000 positive cash flow
• C)$9,000 negative cash flow
• D)$9,000 positive cash flow

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Definitions:

Ions

Atoms or molecules that have lost or gained one or more electrons, resulting in a positive or negative electrical charge.

Electrons

Negatively charged particles that orbit the nucleus of an atom.

Energy Waves

Energy waves refer to oscillations that transfer energy from one point to another through various mediums or through the vacuum of space.

Potential Energy

The energy stored within an object due to its position, condition, or composition, which has the potential to be converted into kinetic energy.