A Halifax Firm Generates Net Income of $530

question 88

Multiple Choice

A Halifax firm generates net income of $530. The depreciation expense is $60 and dividends paid are $80. Accounts payable decrease by $40, accounts receivable decrease by $30, inventory increases by $20, and net fixed assets decrease by $40. What is the net cash from operating activity?

• A) $480
• B) $530
• C) $560
• D) $580
• E) $600

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Definitions:

Single Vehicle

Often describing accidents, involving only one vehicle that does not collide with another vehicle but may hit an object or roll over.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time.

Upper Class

In statistics, this often refers to the highest interval or category in a distribution; in sociology, it refers to the group of individuals at the top of a social hierarchy based on wealth, education, or power.

P(A|B)

The probability of event A occurring given that event B has occurred.