The Net Income Reported on the Income Statement for the Current

question 100

Multiple Choice

The net income reported on the income statement for the current year was $70,000. Depreciation Expense recorded on fixed assets was $18,000. What is the net cash flow from operations that would appear on a cash flow statement using the indirect method?

• A) $70,000
• B) $88,000
• C) $18,000
• D) $52,000

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Definitions:

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner.

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Undue Stress

Excessive pressure or tension that can potentially lead to negative health or psychological effects.