Smithson Corporation Had the Following Selected Balance Sheet Changes for the Past

question 67

Multiple Choice

Smithson Corporation had the following selected balance sheet changes for the past year: The company's operating income during the year was $37,000. What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation (using the indirect method) ?

• A)$22,000
• B)$46,700
• C)$101,700
• D)$15,000

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