Flynn Corporation had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows.

-Use the information above to answer the following question.What is the net cash provided by (used in)operating activities?
A) $15,000
B) $6,000
C) ($4,000)
D) ($75,000)

Question

Flynn Corporation had the following cash flows for the current year.The company uses the direct method in preparing the statement of cash flows.
 
-Use the information above to answer the following question.What is the net cash provided by (used in)operating activities?
A) $15,000 
B) $6,000 
C) ($4,000) 
D) ($75,000)

Quizplus · Accepted Answer

Net income + depreciation and amortization - change in working capital = net cash provided by (used in) operating activities.$10,000 + $5,000 - ($10,000) = $15,000

Flynn Corporation Had the Following Cash Flows for the Current