Norbury Corporation's net income last year was $34,000. The company 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 operating activities under the indirect method on the statement of cash flows would be:
A)$52,000
B)$66,000
C)$53,000
D)$16,000

Question

Norbury Corporation's net income last year was $34,000. The company 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 operating activities under the indirect method on the statement of cash flows would be:
A)$52,000 
B)$66,000 
C)$53,000 
D)$16,000

Quizplus · Accepted Answer

The Answer of Norbury Corporation's net income last year was $34,000. The company 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 operating activities under the indirect method on the statement of cash flows would be:
A)$52,000 
B)$66,000 
C)$53,000 
D)$16,000

Norbury Corporation's Net Income Last Year Was $34,000