MsMarple's Books and Records for 2016 Reflect the Following Information

question 97

Multiple Choice

Ms.Marple's books and records for 2016 reflect the following information: What is the amount Ms.Marple should include in her gross income in 2016?

• A)$66,000
• B)$67,000
• C)$68,000
• D)$65,000

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Definitions:

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments.

Declaration

An official statement or announcement, often related to legal or financial matters.

Investing Section

A part of the cash flow statement that reports the purchase and sale of long-term investments and property, plant, and equipment.

Repayments of Bonds

This concerns the act of returning borrowed funds to bond investors at the agreed-upon maturity date, usually including both principal and interest payments.