In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from operating activities during the current year is:
A) $45,000 net cash provided by operating activities.
B) $1,155,000 net cash used by operating activities.
C) $240,000 net cash provided by operating activities.
D) $195,000 net cash provided by operating activities.

Question

In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
  Using the above information, indicate the best answer for each question in the space provided.
-Rag Dolls' cash flow from operating activities during the current year is:
A) $45,000 net cash provided by operating activities. 
B) $1,155,000 net cash used by operating activities. 
C) $240,000 net cash provided by operating activities. 
D) $195,000 net cash provided by operating activities.

Quizplus · Accepted Answer

The Answer is D

In Order to Prepare the Statement of Cash Flows for Rag