Spiro Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was $7,000 and its cash dividends were $2,000. The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:
A) $43,000
B) $45,000
C) $48,000
D) $3,000

Question

Spiro Corporation's comparative balance sheet appears below: 
The company's net income (loss) for the year was $7,000 and its cash dividends were $2,000. The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:
A) $43,000 
B) $45,000 
C) $48,000 
D) $3,000

Quizplus · Accepted Answer

The Answer of Spiro Corporation's comparative balance sheet appears below: 
The company's net income (loss) for the year was $7,000 and its cash dividends were $2,000. The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:
A) $43,000 
B) $45,000 
C) $48,000 
D) $3,000

Spiro Corporation's Comparative Balance Sheet Appears Below