The Most Recent Balance Sheet and Income Statement of Penaloza

question 118

Multiple Choice

The most recent balance sheet and income statement of Penaloza Corporation appear below: The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire 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 for the year was:

• A)$117
• B)$45
• C)$36
• D)$116

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