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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.

Respuesta :

Arkansas Company is preparing its statement of cash flows using the indirect method. This is because the Net Cash used for financing activities is ​$(34 comma 000​). Hence, option B is appropriate.

What is the meaning of Financing?

The discipline of financing is the examination of money, money systems, and capital assets. It is associated with economics, which is the study of the generation, circulation, and consuming of money, assets, goods, and services, but it is not the same as economics.

The process for raising capital or finances for any type of spending is known as financing.It is the process of allocating different financial resources, such as credit, loans, and invested capital, to the areas of the economy that may most benefit from them.

Hence,option B is correct.

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