Curly Industries Generated Net Income of $980 for the Year

question 173

Multiple Choice

Curly Industries generated net income of $980 for the year. The depreciation expense was $120 and dividends paid were $250. The accounts payable decreased by $60, accounts receivable
Decreased by $20, inventory increased by $80, and net fixed assets increased by $360. What is the
Net cash flow from operating activity?

• A) $940
• B) $950
• C) $980
• D) $1,100
• E) $1,140

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Definitions:

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, focusing on ethical behavior and societal well-being.

Government Contract

A legally binding agreement between a business and a government agency to provide goods or services in exchange for payment.

Local United Way

refers to a community-based branch of the United Way, a nonprofit organization that collaborates with volunteers and local charities to address community needs.

Social Responsibility

The obligation of businesses and individuals to act in a way that benefits society at large, beyond their own interests or profitability.