In Wallace Company, Net Income Is $260,000

question 140

Multiple Choice

In Wallace Company, net income is $260,000. If accounts receivable increased $140,000 and accounts payable decreased $40,000, net cash provided by operating activities using the indirect method is:

• A) $80,000.
• B) $160,000.
• C) $360,000.
• D) $440,000.

---

Definitions:

Oviduct Cilia

Hair-like structures in the oviduct (fallopian tubes) that move the egg from the ovary towards the uterus and assist in the movement of sperm.

Nurse Cells

Specialized cells that provide nutrients and support to developing germ cells in various organisms.

Body Fluids

Liquids within the human body that transport nutrients and waste, including blood, lymph, and interstitial fluid.

Developing Fetus

The stage in human embryonic development after the embryonic stage, characterized by rapid growth and the formation of organs.