Assume a Company Reported Net Income of $53,000, Loss on the Sale

question 45

Multiple Choice

Assume a company reported net income of $53,000, loss on the sale of equipment of $10,000, and gain on sale of investments of $21,000.If there were no other adjustments to reconcile net income to cash from operating activities, the cash inflow from operating activities must have been:

• A)$42,000
• B)$63,000
• C)$84,000
• D)$32,000

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Definitions:

Immune System

The body's defense system comprised of organs, tissues, cells, and proteins that work together to fight off pathogens, such as bacteria, viruses, parasites, and fungi.

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The process by which cells increase in size and number, contributing to the overall growth of an organism.

Triglycerides

A type of fat found in your blood, used by the body for energy, but high levels can increase the risk of heart disease.

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Indigestible parts of plant foods that help move food through the digestive system, assisting in digestion and helping to maintain bowel health.