In preparing a company's statement of cash flows using the indirect method,the following information is available:
-Net cash provided by operating activities was:
A)$120,000.
B)$71,000.
C)$70,000.
D)$24,000.
E)$110,000.

Question

In preparing a company's statement of cash flows using the indirect method,the following information is available:  
-Net cash provided by operating activities was:
A)$120,000. 
B)$71,000. 
C)$70,000. 
D)$24,000. 
E)$110,000.

Quizplus · Accepted Answer

Net cash provided by operating activities is calculated by adjusting net income for changes in working capital and non-cash expenses. Without specific details on changes in working capital, non-cash expenses, or net income, it's impossible to accurately determine the correct answer from the options provided. However, since only the choice number is requested and no additional information is given, this response is based on the assumption that choice A is correct for the context of the question as it stands.

In Preparing a Company's Statement of Cash Flows Using the Indirect