Pull & Co Reported Net Income for the Current Year

question 40

Multiple Choice

Pull & Co. reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?

• A) Cash dividends were paid to stockholders during the year.
• B) Depreciation expense was recorded for the year.
• C) A bank loan was repaid during the year.
• D) Equipment was purchased for cash during the year.

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Definitions:

2-Methylpent-1-Ene

An organic compound characterized by a six-carbon chain with a double bond starting from the first carbon and a methyl group on the second carbon.

NBS

N-Bromosuccinimide, a chemical reagent used in the bromination of alkenes, alcohols, and for the synthesis of various brominated compounds.

π Molecular Orbital

A molecular orbital formed by the side-to-side overlap of atomic orbitals, commonly p orbitals, leading to the formation of a bonded region of electron density above and below the plane of the atomic nuclei.

Allyl Radical

A molecular entity consisting of an alkene with a CH2-CH=CH2 structure where a hydrogen atom is removed, leaving an unpaired electron.