Dino Company Reported Net Income of $72,000 for the Year

question 51

Multiple Choice

Dino Company reported net income of $72,000 for the year.During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded.Net cash provided by operating activities for the year is

• A)$67,000.
• B)$87,000.
• C)$71,000.
• D)$72,000.

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Definitions:

Future Rewards

Future rewards refer to the benefits or compensation that an individual or group anticipates receiving as a result of their actions or decisions in the future.

Cultural Value

Deeply rooted beliefs shared by a community that influence behavior and shape perceptions, contributing to the identity of a social group.

Individualism

A cultural or social perspective that emphasizes the moral worth of the individual and the importance of personal independence and self-expression.

United States

A country located in North America, known for its diverse culture and strong economic and political influence globally.