Megan Corporation's Net Income Last Year Was $98,000

question 54

Multiple Choice

Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below:
The company paid a cash dividend of $36,000 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) operating activities last year was:

• A) $98,000
• B) $178,000
• C) $156,000
• D) $120,000

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Definitions:

Construction Company

A business entity focused on the building of residential, commercial, or industrial structures, infrastructure projects, and associated activities.

Conditional Probabilities

The chances of an event's occurrence, predicated on the fact that another event has happened.

Bayes' Law

A theorem using probability to update predictions or beliefs in light of new evidence.

Probability Tree

A diagram that shows the possible outcomes of a series of related probabilities.