Hirshberg Corporation's comparative balance sheet appears below:
The company's net income for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.
-The company's net cash provided by (used in)operating activities is:
A) $48,000
B) $18,000
C) $40,000
D) $52,000

Question

Hirshberg Corporation's comparative balance sheet appears below:
  The company's net income for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.
-The company's net cash provided by (used in)operating activities is:
A) $48,000 
B) $18,000 
C) $40,000 
D) $52,000

Quizplus · Accepted Answer

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Hirshberg Corporation's Comparative Balance Sheet Appears Below