Smithson Corporation had the following selected balance sheet changes for the past year:

The company's operating income during the year was $35,000.What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation (using the indirect method)?
A)$25,000
B)$45,000
C)$92,000
D)$10,000

Question

Smithson Corporation had the following selected balance sheet changes for the past year:

The company's operating income during the year was $35,000.What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation (using the indirect method)?
A)$25,000 
B)$45,000 
C)$92,000 
D)$10,000

Quizplus · Accepted Answer

The Answer of Smithson Corporation had the following selected balance sheet changes for the past year:

The company's operating income during the year was $35,000.What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation (using the indirect method)?
A)$25,000 
B)$45,000 
C)$92,000 
D)$10,000

Smithson Corporation Had the Following Selected Balance Sheet Changes for the Past