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

question 26

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:

Flexor Carpi Radialis

A muscle of the forearm that acts to flex and abduct the hand.

Extensor Carpi Radialis Brevis

A muscle in the forearm that assists in extending and abducting the wrist.

Extensor Carpi Radialis Longus

A muscle in the forearm that extends and abducts the wrist, playing a key role in hand movements.

Sartorius

The longest muscle in the human body, running from the hip to the knee, involved in flexing, abducting, and rotating the hip.