Shamoo Incorporated Presents Its Statement of Cash Flows Using the Indirect

question 117

Multiple Choice

Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance sheets: The Year 2 income statement showed net income of $50,000. Based on this information, the amount of the cash flow from operating activities shown on the Year 2 statement of cash flows is

• A)$46,000.
• B)$48,000.
• C)$50,000.
• D)$52,000.