Arkansas Company is preparing its statement of cash flows using the indirect method. Refer to...
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Arkansas Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Longminusterm Notes Payable $ 59 comma 000 2. New borrowing on Longminusterm Notes Payable $ 25 comma 000 Which of the following statements is correct? A. Net cash used for financing activities is $(34 comma 000). B. Net cash used for investing activities will is $ 59 comma 000. C. Net cash provided by financing activities is $ 34 comma 000. D. Net cash provided by investing activities is $ 34 comma 000.
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