Klutz Dance Studio had net income of $167,000 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) $95,000
B) $137,000
C) $185,000
D) $207,000

Question

Klutz Dance Studio had net income of $167,000 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) $95,000 
B) $137,000 
C) $185,000 
D) $207,000

Quizplus · Accepted Answer

The Answer of Klutz Dance Studio had net income of $167,000 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) $95,000 
B) $137,000 
C) $185,000 
D) $207,000

Klutz Dance Studio Had Net Income of $167,000 for the Year