Given the Following Information for a Recent Financial Period Determine

question 53

Multiple Choice

Given the following information for a recent financial period determine the net cash flow from operating activities. Use the indirect approach.
Accounts receivable decreased by $6000
Profit was $18 000
Depreciation was $2000
Prepaid expense decreased by $3000

• A) $15 000
• B) $18 000
• C) $21 000
• D) $29 000

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Definitions:

Felony Cases

Legal cases that involve serious crimes, typically punishable by imprisonment for more than one year or by death.

Conditioned Stimulus

This term refers to a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus.

Unconditioned Stimulus

A stimulus that naturally triggers a response without any conditioning or learning process.