A Company Had Net Income of $282,000

question 155

Multiple Choice

A company had net income of $282,000.Depreciation expense is $26,000.During the year, accounts receivable and inventory increased by $15,000 and $40,000, respectively.Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively.There was also a loss on the sale of equipment of $17,000.How much cash was provided by operating activities?

• A)$258,000.
• B)$241,000.
• C)$318,000.
• D)$339,000.

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Definitions:

Active Play

Physical activities that engage children in movement and play, crucial for their development and health.

Parallel Play

A stage of play in early childhood where children play adjacent to each other but do not directly interact or play together.

Play Face

An expressive facial gesture typically shown during play, indicating joy, engagement, and a non-threatening demeanor.