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 )
C .C)
Net cash flow from operating activities $44,000
Net cash flow from investing activities (27,000 )
Net cash flow from financing activities 2,000
Net change in cash $19,000
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Fill in the blank(s) with the appropriate word(s).
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