Stone Retail Corporation's most recent comparative Balance Sheet is as follows:
Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.
-What is Stone's net cash provided by (used in)operating activities?
A) $(18,000)
B) $(33,000)
C) $69,000
D) $84,000

Question

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:
  Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows.
-What is Stone's net cash provided by (used in)operating activities?
A) $(18,000) 
B) $(33,000) 
C) $69,000 
D) $84,000

Quizplus · Accepted Answer

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Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows