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

---

Definitions:

Tangible Assets

Physical and material assets owned by a company, such as buildings, machinery, and inventory, which have a defined monetary value and can be physically touched.

Knowledge

constitutes the facts, information, and skills acquired through experience or education, encompassing theoretical and practical understanding of a subject.

Vacating Employees

Refers to the process of employees leaving their current positions, either voluntarily or involuntarily.

Due Diligence

A comprehensive appraisal undertaken by a prospective buyer, especially of a business, to establish its assets and liabilities and evaluate its commercial potential.