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

Question 128

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: 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 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

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