Under the Direct Method of Preparing the Financing Section of the Statement

Multiple Choice

Under the direct method of preparing the financing section of the statement of cash flows, net cash provided by financing activities is $388,000. If the indirect method of preparing the financing section of the statement of cash flows was used:

A) cash provided by financing activities would be less than $388,000.
B) cash provided by financing activities would be more than $388,000.
C) cash provided by financing activities would be the same, $388,000.
D) cash provided by operating activities would equal $388,000.