Klutz Dance Studio had net income of $167,000 for the year just ended.Klutz collected the following additional information to prepare its statement of cash flows for the year: Klutz uses the indirect method to prepare its statement of cash flows.What is Klutz's net cash provided (used)by operating activities?
A)$95,000
B)$137,000
C)$185,000
D)$207,000

Question

Klutz Dance Studio had net income of $167,000 for the year just ended.Klutz collected the following additional information to prepare its statement of cash flows for the year:  Klutz uses the indirect method to prepare its statement of cash flows.What is Klutz's net cash provided (used)by operating activities?
A)$95,000 
B)$137,000 
C)$185,000 
D)$207,000

Quizplus · Accepted Answer

Operating activities:
 11eaa3fe_3171_4a00_908b_079b5cf7ff5f_TB2461_00

Klutz Dance Studio Had Net Income of $167,000 for the Year