In Alona Company Net Income Is $285000

question 75

Multiple Choice

In Alona Company net income is $285000. If accounts receivable increased $140000 and accounts payable decreased $40000 net cash provided by operating activities using the indirect method is:

• A) $105000.
• B) $185000.
• C) $385000.
• D) $465000.

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Definitions:

Open-Book Management

A business strategy where financial and operational information is shared openly with employees to involve them in decision-making and to improve company performance.

Financial Statements

Formal records that outline the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Bottom Line

Refers to the final net income or profit of a business after all expenses have been subtracted from revenues.

Key Financial Data

Critical financial metrics or figures that indicate the financial health or performance of an organization.