The Floor Store Had Interest Expense of $38,400, Depreciation of $28,100

question 104

Multiple Choice

The Floor Store had interest expense of $38,400, depreciation of $28,100, and taxes of $19,600 for the year. At the start of the year, the firm had total assets of $879,400 and current assets of $289,600. By year's end total assets had increased to $911,900 while current assets decreased to $279,300. What is the amount of the cash flow from investment activity for the year?

• A) −$51,150
• B) $21,850
• C) $29,300
• D) −$70,900
• E) −$89,400

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Definitions:

Spaced Practice

A learning technique that involves spreading out study sessions over time rather than cramming information in a single session.

Massed Practice

A learning technique that involves studying or practicing something intensively over a short period of time without taking breaks.

Overlearning

The continued practice or study of material or skills beyond what is necessary for initial mastery.

Organization

A structured group of people working together to meet a common goal or to perform a specific function.