Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance sheets: The Year 2 income statement showed net income of $50,000. Based on this information, the amount of the cash flow from operating activities shown on the Year 2 statement of cash flows is
A)$46,000.
B)$48,000.
C)$50,000.
D)$52,000.

Question

Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance sheets:  The Year 2 income statement showed net income of $50,000. Based on this information, the amount of the cash flow from operating activities shown on the Year 2 statement of cash flows is
A)$46,000. 
B)$48,000. 
C)$50,000. 
D)$52,000.

Quizplus · Accepted Answer

The Answer of Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance sheets:  The Year 2 income statement showed net income of $50,000. Based on this information, the amount of the cash flow from operating activities shown on the Year 2 statement of cash flows is
A)$46,000. 
B)$48,000. 
C)$50,000. 
D)$52,000.

Shamoo Incorporated Presents Its Statement of Cash Flows Using the Indirect