Spettel Corporation's Comparative Balance Sheet Appears Below: the Company's

question 53

Multiple Choice

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:

• A) $9,000
• B) $38,000
• C) $40,000
• D) $49,000

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