Minette Company Reported Net Income of $120,000 for the Year

question 137

Multiple Choice

Minette Company reported net income of $120,000 for the year ended December 31, 2014. During the year, inventories decreased by $24,000, accounts payable decreased by $36,000, depreciation expense was $27,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2014 using the indirect method was

• A) $168,000.
• B) $126,000.
• C) $147,000.
• D) $144.000.

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Definitions:

Need-Satisfaction Presentation

A sales approach where the presentation is tailored to match the specific needs and desires of the customer, emphasizing how the product or service meets those requirements.

Problem-Solution Presentation

A method of sales presentation that focuses on identifying a potential customer's problem and then presenting a product or service as a solution.

Formal Tone

A style of communication that is polite, professional, and follows established conventions, often used in business, academic, and official interactions.