Solved

Majorn Auto Parts Store Had Net Income of $81,000 for the Year

Question 113

Multiple Choice

Majorn Auto Parts Store had net income of $81,000 for the year just ended.Majorn collected the following additional information to prepare its statement of cash flows for the year:
Majorn Auto Parts Store had net income of $81,000 for the year just ended.Majorn collected the following additional information to prepare its statement of cash flows for the year:   Majorn uses the indirect method to prepare its statement of cash flows.What is Majorn's net cash provided by (used in) operating activities? A)  $41,000 B)  $(53,000)  C)  $185,000 D)  $279,000 Majorn uses the indirect method to prepare its statement of cash flows.What is Majorn's net cash provided by (used in) operating activities?


A) $41,000
B) $(53,000)
C) $185,000
D) $279,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions