Cinno Company Reported Net Income of $20,000 for the Year

question 137

Multiple Choice

Cinno Company reported net income of $20,000 for the year ended December 31, 2011. During the year, inventories decreased by $7,000, accounts payable decreased by $8,000, depreciation expense was $10,000, and accounts receivable increased by $6,500. Net cash provided by operations in 2011, computed using the indirect method, was:

• A) $10,500.
• B) $22,500.
• C) $38,500.
• D) $51,500.

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Definitions:

Suicide Rates

The proportion of a population that dies by suicide, usually expressed per 100,000 individuals.

Prevention Centers

Facilities or organizations dedicated to preventing the onset of diseases or conditions, often through research, education, and health promotion activities.

Urban Suicide Prevention Center

A dedicated facility in urban areas focused on preventing suicides through counseling, outreach, and support services.

African American

A term referring to Americans of African descent, including those who have ancestors who were enslaved and brought to the Americas.