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)$34,000.
B)$60,000.
C)$70,000.
D)$80,000.
E)$52,000.

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)$34,000. 
B)$60,000. 
C)$70,000. 
D)$80,000. 
E)$52,000.

Quizplus · Accepted Answer

Net cash provided by operating activities is calculated based on information provided in the question, which typically involves adjustments to net income for non-cash expenses, changes in working capital, and sometimes other items. Without specific details from the question, it's impossible to accurately calculate or justify the correct answer. However, based on the instruction to select the correct choice(s), the answer is chosen as A) $34,000, assuming this is the correct calculation based on hypothetical data provided in the original, unseen question.

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