The Net Income Reported on the Income Statement for the Current

question 16

Multiple Choice

The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Account receivable and inventories decreased by $10,000 and $30,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities?

• A) $301,000
• B) $337,000
• C) $321,000
• D) $329,000

---

Definitions:

Prosocial Behavior

Actions intended to benefit others, including kindness, sharing, and helping behaviors.

Relational Aggression

A type of aggression that harms others through deliberate manipulation or damage to their relationships or social standing.

Self-Description

The way in which one articulates or portrays their own attributes, traits, and capabilities.

Princess Bed

A type of bed designed to resemble a bed that might be used by a princess, often characterized by canopies or elaborate designs.