Scranton,Inc

question 153

Multiple Choice

Scranton,Inc.reports net income of $230,000 for the year ended December 31.It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment.Its comparative balance sheet reveals a $35,500 decrease in accounts receivable,a $15,750 increase in accounts payable,and a $12,500 decrease in wages payable.Calculate the cash provided (used) in operating activities using the indirect method.

• A)$376,450.
• B)$351,450.
• C)$356,450.
• D)$319,950.
• E)$263,750.

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Definitions:

Education Organizations

Institutions or groups that are dedicated to the delivery, administration, and development of educational programs and learning opportunities.

Leadership Effectiveness

The ability of a leader to achieve desired results or outcomes through the direction, influence, and motivation of followers.

Gender Differences

Variabilities in characteristics, behaviors, or attitudes observed between males and females due to biological, social, and cultural factors.

Middle Management

The level of management situated between the senior executives and the operational-level managers, responsible for implementing organizational policies.