Smith and Company Reported Net Income for the Current Year

question 113

Multiple Choice

Smith and Company 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:

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Ovulating

The phase in the female menstrual cycle where an ovary releases an egg, making it possible for fertilization to occur.