Question: Trinity Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2024 : The beginning balance
Trinity Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2024 : The beginning balance in the Cash account was $3,000. Net cash provided by operating activities: $41,000 Net cash used for investing activities: $(27,000) Net cash provided by financing activities: $1,700 The statement of cash flows will show A. net cash provided by investing and financing activities $(15,700). B. ending cash of $15,700 C. net cash used for operating activities $41,000 D. ending cash of $18,700
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