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ABC Co.'s petty cash receipts indicate the following expenditures for the end of October: Office supplies Miscellaneous selling expense Miscellaneous administrative expense $490 $300 $120

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ABC Co.'s petty cash receipts indicate the following expenditures for the end of October: Office supplies Miscellaneous selling expense Miscellaneous administrative expense $490 $300 $120 What is the cumulative effect of these transactions on the statement of cash flows? a. $490 increase in operating activities b. $420 decrease in financing activities c. $910 decrease in operating activities d. No effect on the statement of cash flows Od

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