Penn Corporation reported the following information for 2011 and 2012: If Penn uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2012?
A) $232,000
B) $215,000
C) $245,000
D) $247,000

Question

Penn Corporation reported the following information for 2011 and 2012:  If Penn uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2012?
A) $232,000 
B) $215,000 
C) $245,000 
D) $247,000

Quizplus · Accepted Answer

The Answer of Penn Corporation reported the following information for 2011 and 2012:  If Penn uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2012?
A) $232,000 
B) $215,000 
C) $245,000 
D) $247,000

Penn Corporation Reported the Following Information for 2011 and 2012