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Trinity Contings Company uses the Indirect method to prepare its statement of cash flows. Refer to the following information for 2024: The beginning balance in
Trinity Contings 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 $2,900. Net cash provided by operating activities: $39,500 Net cash used for investing activities: $(28,000) Net cash provided by financing activities: 51,300 The statement of cash flows will show O A. net cash provided by investing and financing activities S(12,800) B. ending cash of $15,700 C. ending cash of $12,800 D. net cash used for operating activities $39,500 Atlanta Company sold equipment for cash. The income statement shows a gain on the sale of $1,120. The net book value of the asset was $3,610. Which of the following statements describes the cash effect of the transaction? O A positive cash flow of $2,490 from investing activities B. negative cash flow of $2,490 for operating activities C. positive cash flow of $4,730 from investing activities D. negative cash flow of 54,730 for financing activities
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