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:
A) $83,000
B) $102,000
C) $29,000
D) $79,000

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:
A) $83,000 
B) $102,000 
C) $29,000 
D) $79,000

Quizplus · Accepted Answer

11ea7761_1596_0e6b_81a5_5d28768cf415_TB2580_00

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