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Additional information provided by the company includes the following 1)Current assets, other than cash, increased by $24,000 2) Current liabilities decreased by $1,000 How much is the net cash provided by operating activities? A) $34,000 B) $29,000 C) $21,000 D) $39,000 Martin Company is preparing its statement of cash flows using the indirect method. During the year, they sold equipment for $5,990 cash. The net book value of the asset prior to sale was $5,550 Which of the following statements is true? A) The cash receipt of $5,990 would be shown as a positive cash flow in the investing activities section. B) The gain on sale of $440 would be shown as a positive cash flow in the financing activities section. C) The gain on sale of $440 would be added back to net income in the operating activities section. D) The book value of the assets sold would be shown as a negative cash flow in the investing activities section. 25) Clark Company uses the indirect method to prep re its statement of cash flows. Refer to the following information for the year 2015. Net cash provided by operating activities: $39,000 Net cash used for investing activities: $(25,000 Net cash provided by financing activities: $1,200 How much was the net change in cash during the year? A) $(15,200) B) $(13,500) C) $15,200 D) $37,800 FI

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