Twin House Inc. reported net income of $753,000 for the current year-ended December 31. Twin House’s financial statements reflected the following information:Depreciation expense ………………….. $150,000Gain on sale of trading securities ……. 6,000Goodwill impairment ……….. 75,000Decrease in accounts receivable ……. 48,000Increase in inventory ………. 33,000Decrease in trading securities …… 50,000Increase in available-for-sale securities … 62,000Increase in accounts payable ……. 70,000Decrease in taxes payable …….. 15,000Dividend paid ………… 200,000Dividend received ………… 27,000What should Twin House report as Net cash provided by operating activities on the statement of cash flows, assuming that Twin House classifies the proceeds from the sale of the trading securities as an operating cash outflow?A. $1,119,000B. $1,092,000C. $1,030,000D. $892,000View Solution:
Twin House Inc reported net income of 753 000 for the



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