Advance Systems Inc

question 25

Multiple Choice

Advance Systems Inc.reported the following information for 2011 and 2012: If Advance Systems uses the indirect method to prepare the operating activities section of the statement of cash flows,what amount will be reported as net cash flows from operating activities for 2012?

• A)$72,000
• B)$78,000
• C)$94,000
• D)$98,000

Understand the role of the Federal Reserve Board in regulating the money supply and its impact on the economy.

Recognize the effects of Federal Reserve Board's policies on economic activity and inflation.

Identify the major regulatory acts that influence the operations of financial institutions and the credit market.

Understand the difference between credit and debit card usage and their impact on personal finances.