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:

Genital Sex

A rephrased definition could be: Intimate physical activities involving the genitals, aimed at achieving sexual pleasure or reproduction.

Sexually Transmitted Infection

A disease spread by sexual intercourse, resulting from bacteria, viruses, or parasites.

Abstinence

Refraining from sexual behavior with another person.

Pelvic Inflammatory Disease

An infection of the female reproductive organs, often caused by sexually transmitted infections, leading to severe complications if untreated.