Flynn Company Reported a Net Loss of $40,000 for the Year

question 84

Multiple Choice

Flynn Company reported a net loss of $40,000 for the year ended December 31, 2014. During the year, accounts receivable decreased $20,000, inventory increased $32,000, accounts payable increased by $40,000, and depreciation expense of $20,000 was recorded. During 2014, operating activities

• A) used net cash of $8,000.
• B) used net cash of $32,000.
• C) provided net cash of $8,000.
• D) provided net cash of $32,000.

---

Definitions:

Memory Loss

The inability to remember information or events that you would normally be able to recall, which can be temporary or permanent.

Dodo Bird Verdict

A concept suggesting that all psychotherapies, despite their specific components, tend to produce similar outcomes.

Motivational Interviewing

A therapeutic approach that is client-centered and helps to engage intrinsic motivation for changing behaviour by creating discrepancy and exploring and resolving ambivalence within the client.

Clinical Psychologists

Persons who are initially trained in general psychology and then receive graduate training in the application of this knowledge to the understanding, diagnosis, and amelioration of disorders of thinking and behavior. They have a thorough grounding in research methods, and some spend their careers doing research on abnormal functioning, although many also provide treatment. The treatment methods of clinical psychologists primarily involve psychological interventions of one kind or another.