Arkansas Company Is Preparing Its Statement of Cash Flows Using

Multiple Choice

Arkansas Company is preparing its statement of cash flows using the indirect method.Refer to the following information: 1.Repayments on Long-term Notes Payable $58,000
2) New borrowing on Long-term Notes Payable $19,000
Which of the following statements is correct?

A) Net cash used for financing activities is $(39,000) .
B) Net cash used for investing activities will is $58,000.
C) Net cash provided by financing activities is $39,000.
D) Net cash provided by investing activities is $39,000.