Smith Corporation Reported Net Income of $54,000,depreciation Expenses of $10,000,an

question 32

Multiple Choice

Smith Corporation reported net income of $54,000,depreciation expenses of $10,000,an increase in Accounts Payable of $3,000 and a decrease in Accounts Receivable of $1,500.Under the indirect method,net cash flow from operating activities is:

• A)$62,500.
• B)$59,500.
• C)$68,500.
• D)$65,500.

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Definitions:

Wire Resistance

The electrical resistance of a wire, determined by its material, length, and cross-sectional area, affecting the flow of electric current through it.

Fleming's Left-hand Generator Rule

A rule used to predict the direction of movement in a motor, the direction of induced current, or the force on a conductor in a magnetic field, based on the thumb, forefinger, and middle finger of the left hand.

Time Constant

The time required for a system to charge or discharge to approximately 63.2% of its maximum value, characteristic of both RC and RL circuits.

R-L

Refers to a circuit that contains both resistance (R) and inductance (L), affecting the phase and amplitude of the circuit's response to an AC input.