Wilson Company Reported Net Income of $105,000 for the Year

question 119

Multiple Choice

Wilson Company reported net income of $105,000 for the year ended December 31, 2017. During the year, inventories decreased by $15,000, accounts payable decreased by $20,000, depreciation expense was $18,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2017 using the indirect method was

• A) $101,000.
• B) $109,000.
• C) $120,000.
• D) $118,000.

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Definitions:

Coping Strategies

Techniques that people use to handle, process, and deal with stressful situations or emotions.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes to achieve it.

Self-Management

The ability of individuals to manage their own actions, emotions, and thoughts in a way that is effective and productive.

Transfer Goals

Objectives aimed at applying learned knowledge or skills from one context to another, enhancing adaptability and effectiveness.