Tritan Company is preparing its statement of cash flows using the indirect method
Refer to the following portion of the comparative balance sheet:
Tritan Company
Comparative Balance Sheet
December 31, 2017 and 2016
2016 2015 Increase/(Decrease)
Accounts Payable $7,000 $5,000 $2,000
Accrued Liabilities 3,500 1,100 2,400
Long-term Notes Payable 56,000 67,000 $(11,000 )
Total Liabilities $66,500 $73,100 $(6,600 )
Additional information provided by the company includes the following:
1. During 2016, the company repaid $35,000 of long-term notes payable.
2. During 2016, the company borrowed $24,000 on a new note payable.
Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows?
A) $(11,000 )
B) $11,000
C) $59,000
D) $(59,000 )
A .A)
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