Majorn Auto Parts Store had net income of $81,000 for the year just ended.Majorn collected the following additional information to prepare its statement of cash flows for the year: Majorn uses the indirect method to prepare its statement of cash flows.What is Majorn's net cash provided (used)by operating activities?
A)$41,000
B)($53,000)
C)$185,000
D)$279,000

Question

Majorn Auto Parts Store had net income of $81,000 for the year just ended.Majorn collected the following additional information to prepare its statement of cash flows for the year:  Majorn uses the indirect method to prepare its statement of cash flows.What is Majorn's net cash provided (used)by operating activities?
A)$41,000 
B)($53,000) 
C)$185,000 
D)$279,000

Quizplus · Accepted Answer

The Answer of Majorn Auto Parts Store had net income of $81,000 for the year just ended.Majorn collected the following additional information to prepare its statement of cash flows for the year:  Majorn uses the indirect method to prepare its statement of cash flows.What is Majorn's net cash provided (used)by operating activities?
A)$41,000 
B)($53,000) 
C)$185,000 
D)$279,000

Majorn Auto Parts Store Had Net Income of $81,000 for the Year