Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows: What is the amount of net cash provided by operations?
A)$1,000
B)$14,000
C)$19,000
D)$30,000

Question

Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows:  What is the amount of net cash provided by operations?
A)$1,000 
B)$14,000 
C)$19,000 
D)$30,000

Quizplus · Accepted Answer

The Answer of Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000.Changes in balance sheet accounts for the year were as follows:  What is the amount of net cash provided by operations?
A)$1,000 
B)$14,000 
C)$19,000 
D)$30,000

Michael's Industries Reported Net Income of $10,000 and Paid Cash