Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)Net income must be at least $36,000 for 2016.
B)Net income must be less than $36,000 for 2016.
C)Cash flows from operating activities is twice as large as net income for 2016.
D)The amount of net income for 2016 cannot be determined based on the data provided.

Question

Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question. 
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)Net income must be at least $36,000 for 2016. 
B)Net income must be less than $36,000 for 2016. 
C)Cash flows from operating activities is twice as large as net income for 2016. 
D)The amount of net income for 2016 cannot be determined based on the data provided.

Quizplus · Accepted Answer

Without specific financial data or additional context about Pinecrest Company's financial performance in 2016, it is impossible to determine the exact amount of net income.

Pinecrest Company Use the Selected Data from Pinecrest Company's Financial Statements to Statements