Kelln Corporation's most recent comparative balance sheet and income statement appear below: The company paid a cash dividend and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in)operating activities for the year was:
A)$36
B)$3
C)$75
D)$56

Question

Kelln Corporation's most recent comparative balance sheet and income statement appear below:   The company paid a cash dividend and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in)operating activities for the year was:
A)$36 
B)$3 
C)$75 
D)$56

Quizplus · Accepted Answer

The statement provides the net cash provided by (used in) operating activities for the year, and the value provided is $75. Therefore, the best choice is C.

Kelln Corporation's Most Recent Comparative Balance Sheet and Income Statement