Bush Company Reported Net Income of $60000 for the Year

question 164

Multiple Choice

Bush Company reported net income of $60000 for the year. During the year accounts receivable decreased by $8000 accounts payable increased by $4000 and depreciation expense of $5000 was recorded. Net cash provided by operating activities for the year is

• A) $48000.
• B) $77000.
• C) $59000.
• D) $55000.

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Definitions:

Parietal Pericardium

The outer fibrous layer of the pericardium, which surrounds the heart and roots of its major blood vessels.

Lobes

Divisions or sections of an organ separated by fissures or grooves, commonly referred to in the brain, lungs, and liver.

Internal Nares

Openings inside the nose that connect the nasal cavity to the back of the throat.

Choanae

The internal nostrils located at the back of the nasal cavity in vertebrates, connecting the nasal passages to the throat.