Noah Inc., a service organization, reports the following for calendar 2020: Noah adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Noah's 2020 statement of cash flows is
A) $ 48,000.
B) $ 60,000.
C) $ 105,000.
D) $ (135,000).

Question

Noah Inc., a service organization, reports the following for calendar 2020:  Noah adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Noah's 2020 statement of cash flows is
A) $ 48,000. 
B) $ 60,000. 
C) $ 105,000. 
D) $ (135,000).

Quizplus · Accepted Answer

The Answer of Noah Inc., a service organization, reports the following for calendar 2020:  Noah adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Noah's 2020 statement of cash flows is
A) $ 48,000. 
B) $ 60,000. 
C) $ 105,000. 
D) $ (135,000).

Noah Inc, a Service Organization, Reports the Following for Calendar 2020