Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000.No equipment was sold or purchased.Cash dividends of $40,000 were declared and paid.Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided (used)by operating activities?
A)($18,000)
B)($33,000)
C)$69,000
D)$84,000

Question

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:  Stone's net income was $46,000.No equipment was sold or purchased.Cash dividends of $40,000 were declared and paid.Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided (used)by operating activities?
A)($18,000) 
B)($33,000) 
C)$69,000 
D)$84,000

Quizplus · Accepted Answer

The Answer of Stone Retail Corporation's most recent comparative Balance Sheet is as follows:  Stone's net income was $46,000.No equipment was sold or purchased.Cash dividends of $40,000 were declared and paid.Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided (used)by operating activities?
A)($18,000) 
B)($33,000) 
C)$69,000 
D)$84,000

Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows