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

question 158

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 $2,900.
Net cash provided by operating activities: $40,000
Net cash used for investing activities: $(25,500)
Net cash provided by financing activities: $1,700
The statement of cash flows will show ________.

• A)ending cash of $16,200
• B)total net cash flows of positive $65,500
• C)total net cash flows of negative $16,200
• D)ending cash of $19,100

---

Definitions:

Slow Kettle Style Soups

Slow Kettle Style Soups refer to a category of soups that are prepared with a focus on slow cooking methods, often marketed as offering homemade taste and quality ingredients, emphasizing craftsmanship in their preparation.

Restaurant-Quality

A term used to describe food products or meals that meet the high quality and taste standards typically expected in eateries.

Persuasive

Intended to convince or influence someone to undertake a specific action or adopt a certain belief.

Pioneering

The act of being among the first to explore or introduce a new area, activity, or innovation.