Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In 2016, Bernard had net income of $54,000. In addition, the following information is available:
What net cash provided by operating activities should Bernard report in 2016?
A) $46,000
B) $72,000
C) $49,000
D) $50,000

Question

Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In 2016, Bernard had net income of $54,000. In addition, the following information is available:  
What net cash provided by operating activities should Bernard report in 2016?
A) $46,000 
B) $72,000 
C) $49,000 
D) $50,000

Quizplus · Accepted Answer

The Answer of Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In 2016, Bernard had net income of $54,000. In addition, the following information is available:  
What net cash provided by operating activities should Bernard report in 2016?
A) $46,000 
B) $72,000 
C) $49,000 
D) $50,000