The Net Income for the Year Ended December 31, 2015

question 72

Multiple Choice

The net income for the year ended December 31, 2015, for Tax Consultants INC. was $990,000. Additional information is as follows: $\begin{array}{lr}\text { Capital expenditures } & \$ 1,200,000 \\\text { Depreciation on plant assets } & 450,000 \\\text { Cash dividends paid on common stock } & 180,000 \\\text { Increase in noncurrent deferred tax liability } & 45,000 \\\text { Amortization of patents } & 21,000\end{array}$ Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2015?

• A) $1,326,000.
• B) $1,416,000.
• C) $1,461,000.
• D) $1,506,000.

Justify the use of NPV as the "best" decision rule in principle for project evaluation.

Understand the concepts and tools of quality management.

Identify different types of control charts and their application.

Recognize the importance and method of sorting issues through Pareto analysis.

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Definitions:

Security Interest

A legal claim or right granted to a creditor over the debtor's assets as collateral for a loan.

Monthly Payments

Regular payments made once a month, often in the context of loans, rent, or subscriptions.

Security Interest

A legal claim or right granted on property or assets as collateral to secure the performance of an obligation, such as repayment of a loan.

Federal Bankruptcy Exemptions

Specific exemptions provided by federal law that allow a debtor to protect certain types of property from being seized and sold off by creditors during the bankruptcy process.