Listed Below Are Increases (Decreases) in Selected Accounts of Leonardo

question 164

Multiple Choice

Listed below are increases (decreases) in selected accounts of Leonardo Company. $\begin{array}{ll}\text { Accounts receivable } & \$ 20,000 \\\text { Inventory } & (40,000) \\\text { Accounts p ay able } & 68,000 \\\text { Wages p ayable } & (21,000) \end{array}$ Net income for Leonardo Company was $42,000. The net cash provided by operating activities was:

• A) $69,000
• B) $109,000
• C) $(67,000)
• D) $15,000

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Definitions:

Disadvantages

Refers to the negative aspects, drawbacks, or cons that are associated with a decision, situation, or policy.

Delayering

Reducing the number of levels in the organization's job structure.

Organization's Flexibility

The ability of an organization to adapt to changes, innovate, and adjust its operations or structure in response to external or internal stimuli.