The Following Information Has Been Provided to You by RKJ

question 50

Multiple Choice

The following information has been provided to you by RKJ Company: $$\begin{array} { l r } \text { Net income } & \$ 300,000 \\\text { Decrease in accounts payable } & \$ 114,000 \\\text { Increase in inventory } & \$ 22,000 \\\text { Increase in accounts receivable } & \$ 24,000 \\\text { Decrease in bonds payable } & \$ 25,000 \\\text { Loss on sale of a depreciable asset } & \$ 19,000 \\\text { Depreciation expense } & \$ 40,000 \\\text { Decrease in income taxes payable } & \$ 12,000\end{array}$$ Using the indirect method, what is the net cash provided by operating activities?

• A) $231,000.
• B) $187,000.
• C)$206,000.
• D)$168,000.

---

Definitions:

Native-Born Americans

Individuals born in the United States, including those with citizenship by birthright regardless of parental nationality.

Roman Catholics

Members of the Roman Catholic Church, the largest Christian church, led by the Pope and characterized by its liturgical traditions and teachings of apostolic succession.

Animosity

A strong feeling of hostility or antagonism towards someone or something.

Martin Delaney

An African American abolitionist, journalist, physician, and writer, known for his advocacy for black nationalism and for being one of the first proponents of African American emigration to Africa.