Klutz Dance Studio had net income of $167,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year: Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities?
A)$95,000
B)$137,000
C)$185,000
D)$207,000

Question

Klutz Dance Studio had net income of $167,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:  Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities?
A)$95,000 
B)$137,000 
C)$185,000 
D)$207,000

Quizplus · Accepted Answer

The Answer of Klutz Dance Studio had net income of $167,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:  Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities?
A)$95,000 
B)$137,000 
C)$185,000 
D)$207,000

Klutz Dance Studio Had Net Income of $167,000 for the Year