Net Income for the Year Was $29,500

question 68

True/False

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no other changes in noncash current assets and liabilities. Under the indirect method, the cash flow from operations is $32,400.

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Definitions:

Vocal Intonation

The variation of pitch while speaking, which can convey different meanings or emotional states in language.

Reflexive Responding

A type of reaction in which an individual automatically responds to a stimulus without conscious thought.

Motor Development

The progression of muscular coordination and the ability to move and control the body.

Nature

The inherent qualities or characteristics of something, or the physical world collectively including plants, animals, landscapes, and other features and products of the earth.