Wander Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $39,000 in cash dividends during the 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) $44,000
B) $152,000
C) $123,000
D) $98,000

Question

Wander Company's comparative balance sheet and income statement for last year appear below:   The company declared and paid $39,000 in cash dividends during the 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) $44,000 
B) $152,000 
C) $123,000 
D) $98,000

Quizplus · Accepted Answer

The correct answer is $152,000, which represents the net cash provided by operating activities last year.

Wander Company's Comparative Balance Sheet and Income Statement for Last