Minnis Limited Reported Cash Flow from Operations of $103,000 for the Year.A

question 21

Multiple Choice

Minnis Limited reported cash flow from operations of $103,000 for the year.A review of the company's balance sheet and income statement also showed the following: $\begin{array}{ll}\text { Amortization expense for the year } & \$ 37,000 \\\text { Increase in accounts receivable } & \$ 19,000 \\\text { Decrease in inventory } & \$ 30,000 \\\text { Decrease in accounts payable } & \$ 30,000\\\end{array}$ What was Minnis's net income for the year?

• A)$66,000
• B)$85,000
• C)$121,000
• D)$159,000

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Definitions:

School Apparel

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Dramaturgical Perspective

An approach to analyzing social interactions that likens them to performances in a theater, where individuals assume roles and manage impressions in front of others.

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The pattern of behavior that is expected of an individual in a specific social situation or within a specific social group.