Morbeck Corporation's net income last year was $56,000. The company paid a cash dividend of $31,000 and did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Question

Morbeck Corporation's net income last year was $56,000. The company paid a cash dividend of $31,000 and did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below:  Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

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The Answer of Morbeck Corporation's net income last year was $56,000. The company paid a cash dividend of $31,000 and did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below:  Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Morbeck Corporation's Net Income Last Year Was $56,000