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

question 19

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 $2,600.
Net cash provided by operating activities: $39,000
Net cash used for investing activities: $(26,500)
Net cash provided by financing activities: $1,400
The statement of cash flows will show ________.

• A)ending cash of $13,900
• B)total net cash flows of positive $65,500
• C)total net cash flows of negative $13,900
• D)ending cash of $16,500

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Definitions:

Cognitive Therapy

A form of psychotherapy that focuses on changing negative thought patterns to improve mood and behavior.

Interpret Experiences

The process of giving meaning to personal experiences through reflection, analysis, and understanding, often influenced by one’s background, beliefs, and emotions.

Humanistic Therapy

A psychotherapeutic approach emphasizing individual potential for growth and focusing on the client's self-improvement.

Existential Therapy

A form of psychotherapy that focuses on free will, self-determination, and the search for meaning within one's life.