The Net Income Reported on the Income Statement for the Current

question 8

Multiple Choice

The net income reported on the income statement for the current year was $245000. Depreciation was $40000. Account receivable and inventories decreased by $12000 and $35000 respectively. Prepaid expenses and accounts payable increased respectively by $1000 and $8000. How much cash was provided by operating activities?

• A) $296000
• B) $339000
• C) $323000
• D) $311000

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Definitions:

Experiment

A study in which the researcher manipulates an independent variable and randomly assigns people to groups (levels of the independent variable).

Participants

Individuals who take part in a research study or experiment, often used in the context of surveys, clinical trials, or behavioral experiments.

Learning Principles

Foundational concepts in psychology that describe the ways in which individuals acquire new knowledge, behaviors, skills, values, or preferences.

Reward

Something given in recognition of service, effort, or achievement, serving as a form of motivation or incentive.