During 2015, Orton Company Earned Net Income of $464,000 Which

question 97

Multiple Choice

During 2015, Orton Company earned net income of $464,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below: $$\begin{array} { l r l r } { \text { Increases } } && { \text { Decreases } } \\\text { Accounts payable } & \$ 45,000 & \text { Accounts receivable } & \$ 12,000 \\\text { Inventory } & 36,000 & \text { Accrued liabilities } & 24,000 \\\quad \text { Prepaid insurance } & 33,000 & &\end{array}$$ Based upon this information what amount will be shown for net cash provided by operating activities for 2015?

---

Definitions:

Realistic Expectations

The anticipation or belief about what might reasonably happen or be achieved in the future.

Optimistic Appraisal

The process of interpreting situations and future events in a positive, hopeful manner.

Internal, Stable, and Global

Terms used in psychology to describe an individual's attribution style that perceives causes of events as internal to oneself, unchanging over time, and consistent across different contexts.

Optimism

A mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable.