Under the Direct Method of Preparing the Financing Section of the Statement

question 120

Multiple Choice

Under the direct method of preparing the financing section of the statement of cash flows,net cash provided by financing activities is $388,000.If the indirect method of preparing the statement of cash flows was used:

• A)net cash provided by financing activities would be less than $388,000.
• B)net cash provided by financing activities would be more than $388,000.
• C)net cash provided by financing activities would be the same,$388,000.
• D)net cash provided by operating activities would equal $388,000.

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