Rubble Company Reported Net Income of $70000 for the Year

question 133

Multiple Choice

Rubble Company reported net income of $70000 for the year. During the year accounts receivable increased by $6000 accounts payable decreased by $5000 and depreciation expense of $8000 was recorded. Net cash provided by operating activities for the year is

• A) $67000.
• B) $89000.
• C) $63000.
• D) $70000.

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Definitions:

Standard Deviation

An indicator that measures the level of disparity or distribution of values in a dataset from its mean.

Sampling Distribution

The probability distribution of a given random sample-based statistic.

Sample Statistics

Measures or values calculated from a sample of data used to estimate population parameters.

Population Parameters

Quantitative characteristics or attributes defining a whole population, such as mean or standard deviation.