Thomson Company's income statement for the year ended December 31,2014,reported net income of $360,000.The financial statements also disclosed the following information:

Net cash provided by operating activities for 2014 should be reported as
A)$84,000.
B)$204,000.
C)$234,000.
D)$324,000.

Question

Thomson Company's income statement for the year ended December 31,2014,reported net income of $360,000.The financial statements also disclosed the following information:

Net cash provided by operating activities for 2014 should be reported as
A)$84,000. 
B)$204,000. 
C)$234,000. 
D)$324,000.

Quizplus · Accepted Answer

The Answer of Thomson Company's income statement for the year ended December 31,2014,reported net income of $360,000.The financial statements also disclosed the following information:

Net cash provided by operating activities for 2014 should be reported as
A)$84,000. 
B)$204,000. 
C)$234,000. 
D)$324,000.

Thomson Company's Income Statement for the Year Ended December 31,2014,reported