Stacy Company's net income last year was $27,000.Changes in selected balance sheet accounts for the year appear below: Based solely on this information,the net cash flows from operating activities under the indirect method on the statement of cash flows would be
A)$38,000.
B)$2,000.
C)$39,000.
D)$52,000.

Question

Stacy Company's net income last year was $27,000.Changes in selected balance sheet accounts for the year appear below:  Based solely on this information,the net cash flows from operating activities under the indirect method on the statement of cash flows would be
A)$38,000. 
B)$2,000. 
C)$39,000. 
D)$52,000.

Quizplus · Accepted Answer

The Answer of Stacy Company's net income last year was $27,000.Changes in selected balance sheet accounts for the year appear below:  Based solely on this information,the net cash flows from operating activities under the indirect method on the statement of cash flows would be
A)$38,000. 
B)$2,000. 
C)$39,000. 
D)$52,000.

Stacy Company's Net Income Last Year Was $27,000