Creble Company reported net income for 2016 in the amount of $40,000.The company's financial statements also included the following:

In the statement of cash flows what is net cash provided by operating activities under the indirect method?
A)$36,000.
B)$41,000.
C)$40,000.
D)$38,000.

Question

Creble Company reported net income for 2016 in the amount of $40,000.The company's financial statements also included the following:

In the statement of cash flows what is net cash provided by operating activities under the indirect method?
A)$36,000. 
B)$41,000. 
C)$40,000. 
D)$38,000.

Quizplus · Accepted Answer

The Answer of Creble Company reported net income for 2016 in the amount of $40,000.The company's financial statements also included the following:

In the statement of cash flows what is net cash provided by operating activities under the indirect method?
A)$36,000. 
B)$41,000. 
C)$40,000. 
D)$38,000.

Creble Company Reported Net Income for 2016 in the Amount