Kassebaum Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $13,000 and its cash dividends were $1,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $6,000
B) $35,000
C) $36,000
D) $42,000

Question

Kassebaum Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $13,000 and its cash dividends were $1,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $6,000 
B) $35,000 
C) $36,000 
D) $42,000

Quizplus · Accepted Answer

The Answer of Kassebaum Corporation's comparative balance sheet appears below:  The company's net income (loss) for the year was $13,000 and its cash dividends were $1,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:
A) $6,000 
B) $35,000 
C) $36,000 
D) $42,000

Kassebaum Corporation's Comparative Balance Sheet Appears Below: the Company's