Clark Coatings Company Uses the Indirect Method to Prepare Its

question 102

Multiple Choice

Clark Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for the year 2015: Net cash provided by operating activities: $39,000
Net cash used for investing activities: $(25,000)
Net cash provided by financing activities: $1,200
How much was the net change in cash during the year?

• A)$(15,200)
• B)$37,800
• C)$15,200
• D)$(13,500)

Identify sources and roles of pheromones in human physiology.

Comprehend the chemical communication mechanisms between same-species individuals.

Distinguish between Type 1 and Type 2 diabetes and their characteristics.

Understand the functioning and impact of the endocrine system on overall health.

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Definitions:

Accounting Period

A specific period of time used by businesses for accounting purposes to prepare financial statements, commonly a year or a quarter.

Cash Account

A ledger account that tracks all cash transactions, including receipts and payments.

Overdrawn Bank Balance

This occurs when withdrawals from a bank account exceed the available balance, resulting in a negative balance.

Journal Entry

A record in the books of accounts that represents a business transaction and its effect on the company's financial position.