Krech Corporation's comparative balance sheet appears below:

The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by operating activities is:
A)$29,000
B)$19,000
C)$27,000
D)$21,000

Question

Krech Corporation's comparative balance sheet appears below:

The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by operating activities is:
A)$29,000 
B)$19,000 
C)$27,000 
D)$21,000

Quizplus · Accepted Answer

The Answer of Krech Corporation's comparative balance sheet appears below:

The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.
-The company's net cash provided by operating activities is:
A)$29,000 
B)$19,000 
C)$27,000 
D)$21,000

Krech Corporation's Comparative Balance Sheet Appears Below