The Activities for the Year Ended December 31,2015 Included the Following

question 2

Multiple Choice

The activities for the year ended December 31,2015 included the following: • 2018's net income after taxes totaled $125,000.
• Accounts receivable Increased $32,000
• Recorded a $10,000 goodwill impairment loss during the year
• Inventory decreased $8,000
How much would be presented as cash flow from operations?

• A)$85,000
• B)$95,000
• C)$127,000
• D)$135,000

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Definitions:

Lowest Terms

Refers to a fraction simplified to its smallest possible numerator and denominator without changing its value.

Improper Fractions

Fractions where the numerator (top number) is greater than or equal to the denominator (bottom number), resulting in a value greater than or equal to one.

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A unit of currency in the United Kingdom and other territories, symbolized as £.

Lettuce

A leafy green vegetable, commonly used in salads and sandwiches, belonging to the daisy family.