Illies Corporation's comparative balance sheet appears below: The company did not dispose of any property,plant,and equipment during the year.Its net income for the year was $5,000 and its cash dividends were $4,000.The company did not issue any bonds payable or purchase any of its own common stock during the year.Its net cash provided by operating activities and net cash used in financing activities are:
A)net cash provided by operating activities,$33,000;net cash used in financing activities,$1,000
B)net cash provided by operating activities,$35,000;net cash used in financing activities,$7,000
C)net cash provided by operating activities,$33,000;net cash used in financing activities,$7,000
D)net cash provided by operating activities,$35,000;net cash used in financing activities,$1,000

Question

Illies Corporation's comparative balance sheet appears below:  The company did not dispose of any property,plant,and equipment during the year.Its net income for the year was $5,000 and its cash dividends were $4,000.The company did not issue any bonds payable or purchase any of its own common stock during the year.Its net cash provided by operating activities and net cash used in financing activities are:
A)net cash provided by operating activities,$33,000;net cash used in financing activities,$1,000 
B)net cash provided by operating activities,$35,000;net cash used in financing activities,$7,000 
C)net cash provided by operating activities,$33,000;net cash used in financing activities,$7,000 
D)net cash provided by operating activities,$35,000;net cash used in financing activities,$1,000

Quizplus · Accepted Answer

Operating activities
 11eaa3fe_316f_7539_908b_215f9d76d33f_TB2461_00 Financing activities:
 11eaa3fe_316f_753a_908b_039b132467bd_TB2461_00

Illies Corporation's Comparative Balance Sheet Appears Below: the Company