Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below: The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) operating activities last year was:
A) $194,000
B) $253,000
C) $234,000
D) $293,000

Question

Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below:  The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) operating activities last year was:
A) $194,000 
B) $253,000 
C) $234,000 
D) $293,000

Quizplus · Accepted Answer

The Answer of Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below:  The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) operating activities last year was:
A) $194,000 
B) $253,000 
C) $234,000 
D) $293,000

Megenity Company's Net Income Last Year Was $194,000