Frye Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2011:

See information regarding Frye Company above. The net cash provided by (used in) operating activities is
A) $60,000.
B) $40,000.
C) $30,000.
D) $(20,000).

Question

Frye Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2011:

See information regarding Frye Company above. The net cash provided by (used in) operating activities is
A) $60,000. 
B) $40,000. 
C) $30,000. 
D) $(20,000).

Quizplus · Accepted Answer

The Answer of Frye Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2011:

See information regarding Frye Company above. The net cash provided by (used in) operating activities is
A) $60,000. 
B) $40,000. 
C) $30,000. 
D) $(20,000).

Frye Company Uses the Direct Method to Prepare Its Statement