Clark Coatings Company Uses the Indirect Method to Prepare Its

question 116

Multiple Choice

Clark Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for the year 2017: Net cash provided by operating activities: $44,000
Net cash used for investing activities: $(27,000)
Net cash provided by financing activities: $2,000
What is the net change in cash during the year?

• A)$(19,000)
• B)$42,000
• C)$19,000
• D)$(17,000)

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Definitions:

Outward Behavior

The observable actions or reactions of an individual in response to external or internal stimuli.

Self-Concepts

Describes an individual's perception and assessment of themselves, encompassing self-image, self-esteem, and the roles they identify with.

Workaholic

An individual who has a compulsion to work excessively hard and long hours, often at the expense of personal relationships and health.

Perfectionist

A person who strives for flawlessness and sets excessively high performance standards.