In order to prepare the statement of cash flows for Rag Dolls Corporation for 2014, 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. (Assume interest and dividends received and paid are classified as operating activities)
-Rag Dolls' cash flow from operating activities during 2014 is:
A) $45,000 net cash from operating activities.
B) $1,155,000 net cash used in operating activities.
C) $240,000 net cash from operating activities.
D) $195,000 net cash from operating activities.
Correct Answer:
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