Question: 14) P following information: 1) Repayments on Long-Term Notes Payable $58,000 2) New borrowing on Long-Term Notes Payable $19,000 erez Company is preparing its statement

 14) P following information: 1) Repayments on Long-Term Notes Payable $58,000

14) P following information: 1) Repayments on Long-Term Notes Payable $58,000 2) New borrowing on Long-Term Notes Payable $19,000 erez Company is preparing its statement of cash flows using the indirect method. Refer to the hich of the following statements is accurate regarding the statement of cash flows? A) Net cash used for financing activities will amount to $(39,000). B) Net cash used for investing activities will amount to $58,000. C)Net cash provided by financing activities will amount to $39,000. D) Net cash provided by investing activities will amount to $39,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!