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The Net Income Reported on the Income Statement for the Current

question 154

Multiple Choice

The net income reported on the income statement for the current year was ¥2,700,000. Depreciation was ¥500,000. Account receivable and inventories decreased by ¥100,000 and ¥300,000, respectively. Prepaid expenses and accounts payable increased, respectively, by ¥10,000 and ¥80,000. How much cash was provided by operating activities?


Definitions:

Cristae

Folded inner membranes within mitochondria that increase the surface area for ATP production during cellular respiration.

Cytosol

The fluid component inside a cell, separate from organelles or structures enclosed by membranes, where various cellular processes occur.

Cisternae

Flattened membrane disks or sacs making up the Golgi apparatus, involved in modifying, sorting, and packaging proteins.

Chromatin

Complex of DNA and proteins that forms chromosomes within the nucleus of eukaryotic cells.

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