Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balanced 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) $14,000
C) $19,000
D) $30,000

Question

Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balanced 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) $14,000 
C) $19,000 
D) $30,000

Quizplus · Accepted Answer

The Answer of Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balanced 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) $14,000 
C) $19,000 
D) $30,000

Michael's Industries Reported Net Income of $10,000 and Paid Cash