Hirshberg Corporation's comparative balance sheet appears below:

The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.

-The company's net cash provided by operating activities is:
A)$48,000
B)$18,000
C)$40,000
D)$52,000

Question

Hirshberg Corporation's comparative balance sheet appears below:

The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.

-The company's net cash provided by operating activities is:
A)$48,000 
B)$18,000 
C)$40,000 
D)$52,000

Quizplus · Accepted Answer

The net cash provided by operating activities is $48,000, as indicated by the choice A.

Hirshberg Corporation's Comparative Balance Sheet Appears Below