Big Toy Corporation's Records Show Net Income of $30,000; Depreciation

question 46

Multiple Choice

Big Toy Corporation's records show net income of $30,000; depreciation expense of $12,000; and cash dividends declared and paid of $1,000. The amount of cash provided by operating activities using the indirect method is:

• A) $43,000.
• B) $42,000.
• C) $30,000.
• D) $18,000.

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Definitions:

Reasonable Expectations of Privacy

The legal standard that protects individuals against intrusions into areas or activities where they have a reasonable belief in the confidentiality of their actions or communications.

Searches and Seizures

Refers to the practice by law enforcement to search a person or property and seize evidence without violating their constitutional rights.

Strict Liability Offenses

Legal offenses for which the perpetrator can be held responsible regardless of intention or awareness, typically regarding matters that pose a risk to public safety or welfare.

Criminal Intent

The mental state indicating that an individual was conscious of the act they were committing and intended to commit a crime.