Klutz Dance Studio had net income of $169,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year: Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?
A) $96,500
B) $138,100
C) $188,700
D) $210,100

Question

Klutz Dance Studio had net income of $169,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:  Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?
A) $96,500 
B) $138,100 
C) $188,700 
D) $210,100

Quizplus · Accepted Answer

The Answer of Klutz Dance Studio had net income of $169,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:  Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?
A) $96,500 
B) $138,100 
C) $188,700 
D) $210,100

Klutz Dance Studio Had Net Income of $169,000 for the Year