The Net Income Reported on the Income Statement for the Current

question 113

Multiple Choice

The net income reported on the income statement for the current year was $240,000.Depreciation was $52,000.Accounts receivable and inventories decreased by $5,000 and $15,000, respectively.Prepaid expenses and accounts payable increased, respectively, by $500 and $14,000.Investments were sold at a loss of $20,000.How much cash was provided by operating activities?

• A)$307,500.
• B)$317,500.
• C)$345,500.
• D)$258,500.

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Definitions:

Subcultures

Groups within a larger culture that have their own distinct set of values, beliefs, and behaviors.

Legends And Stories

Narratives passed down within an organization that impart values, ideals, and cultural norms, often embodying ideal behaviors or cautionary tales.

Bureaucratic Culture

An organizational culture characterized by formalized procedures and rules, hierarchy, and a clear division of labor, aimed at increasing efficiency.

Clan Culture

A type of corporate culture that emphasizes consensus, common values, and traditions similar to a family atmosphere.