Wilson Company Reported Net Income of $105,000 for the Year

question 119

Multiple Choice

Wilson Company reported net income of $105,000 for the year ended December 31, 2017. During the year, inventories decreased by $15,000, accounts payable decreased by $20,000, depreciation expense was $18,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2017 using the indirect method was

• A) $101,000.
• B) $109,000.
• C) $120,000.
• D) $118,000.

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Definitions:

Braille Sticker

Adhesive labels embossed with Braille characters that can be attached to various objects, aiding visually impaired individuals in identifying them.

Call Button

A device used by patients to alert healthcare providers or caregivers to their need for assistance.

Staff Person

An individual who is employed by an organization and is part of its workforce, contributing to its goals and mission.

Agitated

Feeling or appearing troubled or nervous.