The Most Recent Balance Sheet and Income Statement of Dallavalle

question 162

Multiple Choice

The most recent balance sheet and income statement of Dallavalle Corporation appear below: Cash dividends were $12. The company did not retire or sell any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was:

• A) $77
• B) $68
• C) $40
• D) $14