Assume a Company Reported Net Income of $53,000, Loss on the Sale

question 45

Multiple Choice

Assume a company reported net income of $53,000, loss on the sale of equipment of $10,000, and gain on sale of investments of $21,000.If there were no other adjustments to reconcile net income to cash from operating activities, the cash inflow from operating activities must have been:

• A)$42,000
• B)$63,000
• C)$84,000
• D)$32,000

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Definitions:

Motivating Employees

The process of providing incentives, encouragement, and an environment that stimulates employees to achieve their best performance and engagement.

Inventory Turnover

A measure of how often a company's inventory is sold and replaced over a certain period, indicating efficiency in managing stock.

Discount Stores

General merchandise outlets that offer brand-name and private-label products at low prices.

Self-Service

A business model or technology that allows customers to perform services for themselves without the need for direct assistance from staff.