Stone Retail Corporation's Most Recent Comparative Balance Sheet Is as Follows

question 85

Multiple Choice

Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided (used) by operating activities?

• A)($18,000)
• B)($33,000)
• C)$69,000
• D)$84,000

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