The Net Income Reported on the Income Statement for the Current

question 59

Multiple Choice

The net income reported on the income statement for the current year was $100,000. Depreciation recorded on plant assets was $25,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased by $500 and $4,000, respectively. Using the indirect method, how much would be reported for net cash flows from operating activities in the statement of cash flows?

• A) $130,500
• B) $148,500
• C) $141,500
• D) $98,500

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Definitions:

Social Psychologists

Scientists who study how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

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Behavior aimed at causing harm or pain to others, which can be physical or verbal.

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Established standards of behavior maintained by a society.

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A set of attributes, behaviors, and roles traditionally associated with boys and men, often connected to strength, assertiveness, and dominance.