Klutz Dance Studio Had Net Income of $167,000 for the Year

question 83

Multiple Choice

Klutz Dance Studio had net income of $167,000 for the year just ended.Klutz collected the following additional information to prepare its statement of cash flows for the year:
Klutz uses the indirect method to prepare its statement of cash flows.What is Klutz's net cash provided by (used in) operating activities?

• A) $95,000
• B) $137,000
• C) $185,000
• D) $207,000

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Definitions:

Social Support

A network of family, friends, and peers that provide emotional, informational, and practical aids.

Problem-Focused Coping

A strategy to deal with stress by identifying and attempting to resolve or confront the problem causing the stress directly.

Optimistic Outlook

A mentality that tends to anticipate positive outcomes, focusing on hopeful aspects rather than negative ones.

Bright Side

To focus on the positive aspects of a situation rather than the negative.