Majorn Auto Parts Store had net income of $84,000 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 by (used in) operating activities?
A) $44,000
B) $(56,000)
C) $194,000
D) $288,000

Question

Majorn Auto Parts Store had net income of $84,000 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 by (used in) operating activities?
A) $44,000 
B) $(56,000) 
C) $194,000 
D) $288,000

Quizplus · Accepted Answer

The Answer of Majorn Auto Parts Store had net income of $84,000 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 by (used in) operating activities?
A) $44,000 
B) $(56,000) 
C) $194,000 
D) $288,000

Majorn Auto Parts Store Had Net Income of $84,000 for the Year