Preparing statement of cash flows using indirect method


Problem: Arkansas Company is preparing its statement of cash flows using the indirect method. Refer to the following? information: 1. Repayments on Longminusterm Notes Payable $ 63 comma 000 2. New borrowing on Longminusterm Notes Payable $ 25 comma 000 Which of the following statements is? correct? Question content area bottom Part 1 A. Net cash used for investing activities will is ?($ 63 comma 000?). B. Net cash provided by financing activities is $ 38 comma 000. C. Net cash provided by investing activities is $ 38 comma 000. D. Net cash used for financing activities is ?($38 comma 000?).

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Accounting Basics: Preparing statement of cash flows using indirect method
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