Jackson Company Gathered the Following Data to Prepare Its 20X7

question 23

Multiple Choice

Jackson Company gathered the following data to prepare its 20X7 statement of cash flows: $$\begin{array} { | l | r | } \hline \text { Profit } & \$ 40,000 \\\hline \text { Depreciation expense } & 5,000 \\\hline \text { Trade receivables decrease } & 3,000 \\\hline \text { Wages payable increase } & 4,000 \\\hline \text { Amortization of patent } & 1,000 \\\hline \text { Income tax payable decrease } & 2,000 \\\hline\end{array}$$ Based only on the above data, the net cash inflow from operating activities during 20X7 was which of the following?

• A) $43,000.
• B) $45,000.
• C) $51,000.
• D) $53,000.

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Definitions:

Subcutaneous Test

is a medical diagnostic procedure that involves injecting a substance just beneath the skin to test for an allergic or immune response.

Fine-Gauge Needle

A very thin needle used for injections, reducing discomfort and tissue damage.

Sigmoidoscopy

A procedure in which the interior of the sigmoid area of the large intestine, between the descending colon and the rectum, is examined with a sigmoidoscope, a lighted instrument with a magnifying lens.

Sims'

A position used in medicine and surgery where the patient lies on their side with the lower arm behind the back and the upper thigh flexed.