Assume the Following Information from the Financial Statements of ReStateM

question 17

Multiple Choice

Assume the following information from the financial statements of ReStateM Company:
Net income $10,000
Depreciation expense $3,000
Salaries expense $5,000
Deferred income taxes $2,000
Change in accounts receivable $4,000
Change in accounts payable -$5,000
Change in inventory -$2,000
Capital expenditures $1,500
The traditional cash flow for ReStateM Company is:

• A)$13,000
• B)$8,000
• C)$15,000
• D)$10,000

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Definitions:

Cellulose

Cellulose is a complex carbohydrate composed of glucose units, forming the primary structural component of plant cell walls and providing plants with support.

Cholesterol

A waxy substance found in the cell membranes of all body tissues, and transported in the blood plasma of all animals.

Steroid

A type of organic compound with a characteristic molecular structure containing four rings of carbon atoms.

Carbon Atoms

The chemical elements that serve as a fundamental building block in the structure of organic molecules.