Use the Following Information and the Indirect Method to Calculate

question 53

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

• A)$69,900.
• B)$108,900.
• C)$93,900.
• D)$85,700.
• E)$81,600.

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Definitions:

Interstate Commerce

Refers to any work involving or related to the movement of goods or services across state lines within the United States.

Worker's Regular Hourly Wage

The standard rate of pay per hour for a worker before any overtime or bonuses are added.

Overtime Pay

Compensation for employees who have worked more than the standard work hours.

Fair Labor Standards Act

A U.S. law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.