Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)Net income must be at least $36,000 for 2014.
B)Net income must be less than $36,000 for 2014.
C)Cash flows from operating activities is twice as large as net income for 2014.
D)The amount of net income for 2014 cannot be determined based on the data provided.

Question

Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
 Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)Net income must be at least $36,000 for 2014. 
B)Net income must be less than $36,000 for 2014. 
C)Cash flows from operating activities is twice as large as net income for 2014. 
D)The amount of net income for 2014 cannot be determined based on the data provided.

Quizplus · Accepted Answer

The Answer of Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
 Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)Net income must be at least $36,000 for 2014. 
B)Net income must be less than $36,000 for 2014. 
C)Cash flows from operating activities is twice as large as net income for 2014. 
D)The amount of net income for 2014 cannot be determined based on the data provided.

Pinecrest Company Use the Selected Data from Pinecrest Company's Financial