A Company Had Net Income of $890,000

question 51

Multiple Choice

A company had net income of $890,000. Depreciation expense is $110,000. During the year, accounts receivable and inventory increased $60,000 and $160,000, respectively. Prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How much cash was provided by operating activities?

• A)$760,000.
• B)$784,000.
• C)$1,080,000.
• D)$1,128,000.

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Definitions:

Subordinates

Employees or team members who are under the direction and control of a manager or supervisor within an organizational hierarchy.

Managerial Autonomy

The degree of freedom and independence a manager has in making decisions and setting strategies within an organization.

Follower Readiness

A concept in leadership that evaluates the extent to which followers have the ability and willingness to accomplish a specific task.

Contingency Variables

Factors or conditions that can influence the outcome of a decision or action, suggesting that different situations require different responses or strategies.