Profit Reported for the Current Year Was $222,000

question 81

Multiple Choice

Profit reported for the current year was $222,000.Depreciation expense was $35,000.Accounts Receivable and Inventories increased $4,000 and $7,000, respectively.Prepaid Expenses and Accounts Payable decreased $3,000 and $9,000, respectively.Using the indirect method, how much cash was provided by operating activities?

• A)$170,000
• B)$180,000
• C)$240,000
• D)$258,000

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Definitions:

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A hole in the fetal heart between the right atrium and the left atrium.

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A large artery that branches into the pulmonary arteries and carries blood to the lungs.

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A condition in men characterized by the inability to cause pregnancy in a fertile female, often due to issues with sperm production, function, or delivery.

Blastocyst

An early stage of embryonic development characterized by a fluid-filled sphere formed about 5 days after fertilization of an egg.