The Accounting Records of Snapdog Enterprises Include the Following Information

question 10

Multiple Choice

The accounting records of Snapdog Enterprises include the following information: $\begin{array}{lrr}&\text { December 31, }\\&2018&2017\\\text { Accounts payable } & \$ 12,800 & \$ 13,200 \\\text { Accounts receivable } & 24,000 & 21,700\end{array}$
$\text { The company's income statement for } 2018 \text { appears below. }$

$\begin{array}{lr}\text { Sales } & \$ 280,000 \\\text { Cost of goods sold } & 150,000 \\\text { Depreciation expense } & 15,000 \\\text { Other operating expenses } & 68,000 \\\text { Loss on sale of plant asset } & 10,200 \\\text { Income taxes } & 24,000 \\\text { Net income } & \$ 12,800\end{array}$ What amount of net cash provided by operating activities will Snapdog Enterprises report for 2018 using the indirect method?

• A)$35,300
• B)$25,900
• C)$36,100
• D)$39,900

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Definitions:

Service Department

A sector of a business or organization dedicated to providing maintenance, repair, and customer support services.

Electronics Company

A business entity that designs, manufactures, and sells electronic equipment, devices, and components.

P Chart

A type of control chart used for monitoring the proportion of nonconforming units in a sample, typically used in manufacturing or quality control processes.

Nonconforming Items

Products or outputs in a manufacturing or production process that do not meet the specified standards or quality criteria.