Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows: Based on the above information, what is the amount of net cash provided by operations?
A)$1,000
B)$15,000
C)$21,000
D)$30,000

Question

Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows:  Based on the above information, what is the amount of net cash provided by operations?
A)$1,000 
B)$15,000 
C)$21,000 
D)$30,000

Quizplus · Accepted Answer

The Answer of Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows:  Based on the above information, what is the amount of net cash provided by operations?
A)$1,000 
B)$15,000 
C)$21,000 
D)$30,000

Monroe's Industries Reported Net Income of $18,000 and Paid Cash