Net Income for the Year Was $45,500

question 96

Multiple Choice

Net income for the year was $45,500. Accounts receivable increased by $5,500, and accounts payable increased by $11,200. Under the indirect method, the cash flow from operations is

• A) $51,200
• B) $45,500
• C) $62,200
• D) $28,800

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Definitions:

Negotiate

The process of discussing and arriving at a mutual agreement between parties with different interests or perspectives.

Sender

The originator of a message in the communication process, responsible for encoding the message.

Receiver

The individual or entity for whom a message is intended or who interprets the communication.

Communicate Well

The ability to express ideas clearly and effectively through verbal or written means.