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

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