Veale Corporation's most recent balance sheet appears below: Net income for the year was $107. Cash dividends were $29.
-The net cash provided by (used by) operations for the year was:
A) $17
B) $90
C) $124
D) $153

Question

Veale Corporation's most recent balance sheet appears below:  Net income for the year was $107. Cash dividends were $29.
-The net cash provided by (used by) operations for the year was:
A) $17 
B) $90 
C) $124 
D) $153

Quizplus · Accepted Answer

The correct answer is $124, as it represents the net cash provided by operations for the year.

Veale Corporation's Most Recent Balance Sheet Appears Below: Net