Net Income Reported for the Current Year Was $200,000

question 15

Multiple Choice

Net income reported for the current year was $200,000. Depreciation expense was $35,000. During the year, Accounts Receivable and Inventory increased $18,000 and $26,000, respectively. Prepaid Expenses and Accounts Payable decreased $4,000 and $9,000, respectively. There was also a loss on the sale of equipment of $6,000. Using the indirect method, how much cash was provided by operating activities?

• A) $182,000
• B) $192,000
• C) $210,000
• D) $244,000

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Definitions:

Difference Variable

involves a variable in research that represents a distinct characteristic or factor that can vary among subjects, and is used to measure impacts or outcomes in a study.

Moderator Variable

A variable that affects the strength or direction of the relationship between an independent and a dependent variable in statistical analyses.

Minority Girls

Female individuals who belong to a racially, ethnically, religiously, or culturally marginalized group within a broader population.

White Boys

Refers to young male individuals identified as belonging to the white racial group, often discussed in contexts of privilege, education, and social dynamics.