Selected Information for Mercer Company During 2010 Follows If Mercer Reported Net Income of $320, What Was the Jan

question 41

Multiple Choice

Selected information for Mercer Company during 2010 follows: $\begin{array}{lll}&\text { Jan } 1 & \text { Dec. } 31\\\text { Accounts payable } & \$ 45 & \$ 52 \\\text { Accounts receivable } & 60 & 68 \\\text { Common stock } & 400 & 412 \\\text { Patent amortization } & 30 & 27 \\\text { Inventory } & 70 & 60\end{array}$ If Mercer reported net income of $320, what was the net cash provided by operating activities for 2010?

• A)$329
• B)$330
• C)$332
• D)$342

---

Definitions:

Decision Making

The process of selecting the best course of action from several alternatives to achieve a specific goal.

Product-Development Activities

The series of tasks involved in designing, creating, and bringing a new product to market.

Cash Flow Problems

Arise when an organization struggles to maintain sufficient cash inflows to meet its outgoing financial obligations.

Human Limitations

Refers to the natural constraints on what individuals can physically and mentally achieve.