A Company's Income Statement Showed the Following: Net Income,$134,000;depreciation Expense,$30,000;and

question 42

Multiple Choice

A company's income statement showed the following: net income,$134,000;depreciation expense,$30,000;and gain on sale of plant assets,$4,000.An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400;merchandise inventory increased $18,000;prepaid expenses increased $6,200;accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.

• A)$156,600.
• B)$141,000.
• C)$96,600.
• D)$148,600.
• E)$88,600.

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Definitions:

Heterosexual

A sexual orientation characterized by an attraction to individuals of the opposite sex.

Closed Body Positions

Nonverbal cues involving crossed arms or legs that can signal defensiveness or a lack of openness.

Leaning Back

A physical posture or metaphorical stance denoting relaxation, disengagement, or contemplation, depending on context.

Arms Crossed

A body language gesture often interpreted as being defensive, closed off, or uncomfortable.