Krech Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by (used in)operating activities is:
A) $29,000
B) $19,000
C) $27,000
D) $21,000

Question

Krech Corporation's comparative balance sheet appears below:
  The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by (used in)operating activities is:
A) $29,000 
B) $19,000 
C) $27,000 
D) $21,000

Quizplus · Accepted Answer

11ea7761_159c_01ff_81a5_5f0d2c457613_TB2580_00

Krech Corporation's Comparative Balance Sheet Appears Below