The annual percentage rate is based upon the simple interest method

Tritan Company is preparing its statement of cash flows using the indirect method

Refer to the following portion of the comparative balance sheet: Tritan Company Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Accounts Payable $7,000 $5,000 $2,000 Accrued Liabilities 3,500 1,100 2,400 Long-term Notes Payable 56,000 67,000 $(11,000 ) Total Liabilities $66,500 $73,100 $(6,600 ) Additional information provided by the company includes the following: 1. During 2016, the company repaid $35,000 of long-term notes payable. 2. During 2016, the company borrowed $24,000 on a new note payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $(11,000 ) B) $11,000 C) $59,000 D) $(59,000 )

State-of-the-art defense is valid in a negligence case because the focus is on the reasonableness of the defendant's conduct

Indicate whether the statement is true or false