The Net Cash Provided by Operating Activities in Sosa Company's

question 126

Multiple Choice

The net cash provided by operating activities in Sosa Company's statement of cash flows for 2015 was $155,000. For 2015, depreciation on plant assets was $45,000, amortization of patent was $8,000, and cash dividends paid on common stock was $54,000. Based only on the information given above, Sosa's net income for 2015 was

• A) $155,000.
• B) $102,000.
• C) $8,000.
• D) $156,000.

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Abraham Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-efficacy, and psychological health.

Fully Functioning

Refers to an individual who is living their life to its fullest potential, often associated with Carl Rogers' conception of self-actualization.