Trinity Coatings Company Uses the Indirect Method to Prepare Its

question 128

Multiple Choice

Trinity Coatings Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2018: The beginning balance in the Cash account was $2900.
Net cash provided by operating activities: $40,000
Net cash used for investing activities: $(25,500)
Net cash provided by financing activities: $1700
The statement of cash flows will show ________.

• A) ending cash of $16,200
• B) net cash provided by operating activities $42,900
• C) net cash provided by investing and financing activities $(23,800)
• D) ending cash of $19,100

Differentiating between importing and exporting countries based on domestic and world prices.

Recognizing the benefits of international trade.

Understanding arguments for and against trade restrictions.

Comparing and contrasting import quotas and tariffs.

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