Volutia Corporation's Comparative Financial Statements Included the Following Amounts for the Current

question 114

Multiple Choice

Volutia Corporation's comparative financial statements included the following amounts for the current year: $$\begin{array} { | l | r |} \hline \text { Depreciation expense } & \$ 102,000 \\\hline \text { Loss on sale of fixed assets } & 38,000 \\\hline \text { Decrease in fixed assets } & 155,000 \\\hline \text { Increase in accounts receivable } & 37,000 \\\hline \text { Decrease in accounts payable } & 42,000 \\\hline \text { Decrease in inventory } & 71,000 \\\hline \text { Increase in taxes payable } & 19,000 \\\hline \text { Net income } & 72,000 \\\hline\end{array}$$
Compute net cash provided by operating activities using the indirect method.

• A) $223,000
• B) $22,000
• C) $185,000
• D) $68,000

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Definitions:

Child Care Services

Services and facilities provided to care for children when their parents or primary caregivers are unavailable or at work.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as schooling.

Glass Ceiling

Attitudinal and organizational workplace obstacles that prevent women from advancing to leadership positions.

Organizational Biases

Prejudices or systematic tendencies within an organization that influence its decisions and behaviors, often leading to unfair outcomes.