Advance Systems Inc.reported the following information for 2011 and 2012: If Advance Systems uses the indirect method to prepare the operating activities section of the statement of cash flows,what amount will be reported as net cash flows from operating activities for 2012?
A)$72,000
B)$78,000
C)$94,000
D)$98,000

Question

Advance Systems Inc.reported the following information for 2011 and 2012:  If Advance Systems uses the indirect method to prepare the operating activities section of the statement of cash flows,what amount will be reported as net cash flows from operating activities for 2012?
A)$72,000 
B)$78,000 
C)$94,000 
D)$98,000

Quizplus · Accepted Answer

The Answer of Advance Systems Inc.reported the following information for 2011 and 2012:  If Advance Systems uses the indirect method to prepare the operating activities section of the statement of cash flows,what amount will be reported as net cash flows from operating activities for 2012?
A)$72,000 
B)$78,000 
C)$94,000 
D)$98,000