Edmund Corp.reported net income for calendar 2017 of $300,000.Additional information follows: Based on the above information, the cash provided by operating activities (indirect method)for calendar 2017 is
A)$565,000.
B)$590,000.
C)$605,000.
D)$630,000.

Question

Edmund Corp.reported net income for calendar 2017 of $300,000.Additional information follows:  Based on the above information, the cash provided by operating activities (indirect method)for calendar 2017 is
A)$565,000. 
B)$590,000. 
C)$605,000. 
D)$630,000.

Quizplus · Accepted Answer

The Answer of Edmund Corp.reported net income for calendar 2017 of $300,000.Additional information follows:  Based on the above information, the cash provided by operating activities (indirect method)for calendar 2017 is
A)$565,000. 
B)$590,000. 
C)$605,000. 
D)$630,000.