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
D .D)
Net cash flow from operating activities $40,000
Net cash flow from investing activities (25,500 )
Net cash flow from financing activities 1,700
Net change in cash $16,200
Beginning cash balance 2,900
Ending cash balance $19,100
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