Use the Indirect Method to Answer Questions the Following Information

question 25

Multiple Choice

Use the indirect method to answer questions The following information is available for Felix Company:
$$\begin{array} { l r l r } \text { Net income } & \$ 300 & \text { Decrease in plant and equip. } & \$ 40 \\\text { Depreciation expense } & 20 & \text { Increase in deferred tax asset } & 5 \\\text { Gain on sale of assets } & 35 & \text { Decrease in long-term debt } & 50 \\\text { Increase in inventories } & 25 & \text { Decrease in accounts payable } & 15\end{array}$$
-What is cash flow from operating activities for Felix Company?

• A)$240
• B)$70
• C)$320
• D)$250

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Definitions:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Dependence

A state in which an organism requires a substance or condition for normal functioning or well-being, often associated with addiction.

Neurons

Specialized cells of the nervous system that transmit information to other nerve cells, muscle, or gland cells through electrical and chemical signals.

Dendrites

The branched extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.