Net Income Was $40,000; Accounts Receivable Decreased by $10,000; Inventory

question 12

Multiple Choice

Net income was $40,000; accounts receivable decreased by $10,000; inventory increased by $3,000; proceeds from the issuance of long-term debt were $22,500; equipment purchases were $75,000; depreciation expense was $16,000.The net cash provided (used) by operating activities for the period was:

• A)$10,500.
• B)$47,000.
• C)$49,000.
• D)$63,000.

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Definitions:

For Privacy

Pursued to maintain confidentiality or to create a space where one can be free from the observation or disturbance of others.

Organize Movement

The process of creating and coordinating a collective effort aimed at achieving a specific goal, usually related to social, political, or environmental change.

Positive Affect

A psychological state characterized by feelings of joy, enthusiasm, and satisfaction, often associated with a positive mood.

Introverts

Individuals characterized by a preference for the inner world of thoughts, feelings, and reflections, often displaying less outgoing social behavior.