Graciana Corporation's most recent comparative balance sheet and income statement appear below: Cash dividends were $28.
-The net cash provided by (used by) operations for the year was:
A) $146
B) $104
C) $179
D) $21

Question

Graciana Corporation's most recent comparative balance sheet and income statement appear below:   Cash dividends were $28.
-The net cash provided by (used by) operations for the year was:
A) $146 
B) $104 
C) $179 
D) $21

Quizplus · Accepted Answer

The net cash provided by (used by) operations for the year was $146. This is calculated by taking the net income of $104 and adding back the non-cash expenses of $42.

Graciana Corporation's Most Recent Comparative Balance Sheet and Income Statement