Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $9,000
B) $38,000
C) $40,000
D) $49,000

Question

Spettel Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $9,000 
B) $38,000 
C) $40,000 
D) $49,000

Quizplus · Accepted Answer

The Answer of Spettel Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $9,000 
B) $38,000 
C) $40,000 
D) $49,000

Spettel Corporation's Comparative Balance Sheet Appears Below: the Company's