Morbeck Corporation's Net Income Last Year Was $56,000

question 132

Multiple Choice

Morbeck Corporation's net income last year was $56,000. The company paid a cash dividend of $31,000 and did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Based solely on this information, the net cash provided by operating activities under the indirect method on the statement of cash flows would be:

• A)$83,000
• B)$102,000
• C)$29,000
• D)$79,000

---

Definitions:

National Assembly

The National Assembly is a term that typically refers to a legislature or the lower house of a bicameral legislature in various countries.

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799, leading to the decline of monarchies and churches and the rise of democracy and nationalism.

Old Regime

The political and social system of France before the French Revolution of 1789, characterized by the absolute monarchy and feudal privileges.