The most recent balance sheet and income statement of Marroquin Corporation appear below: The company paid a cash dividend and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in)operating activities for the year was:
A)$264
B)$149
C)$221
D)$36

Question

The most recent balance sheet and income statement of Marroquin Corporation appear below:   The company paid a cash dividend and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in)operating activities for the year was:
A)$264 
B)$149 
C)$221 
D)$36

Quizplus · Accepted Answer

The correct answer is $221, as it represents the net cash provided by operating activities for the year.

The Most Recent Balance Sheet and Income Statement of Marroquin