The Net Income Reported on the Income Statement for the Current

question 84

Multiple Choice

The net income reported on the income statement for the current year was ¥2,250,000.Depreciation recorded on plant assets was ¥380,000.Accounts receivable and inventories increased by ¥20,000 and ¥80,000, respectively.Prepaid expenses and accounts payable decreased by ¥10,000 and ¥110,000 respectively.How much cash was provided by operating activities?

• A)¥2,050,000
• B)¥2,430,000
• C)¥2,250,000
• D)¥2,590,000

---

Definitions:

Competitive Retailing

The practice of offering goods in a retail market in a way that is competitive in terms of price, quality, and service.

Customer Service

The support companies offer to their customers before, during, and after purchasing or using their products or services.

Exclusive Distribution

Distribution strategy involving limited market coverage by a single retailer or wholesaler in a specific geographical territory.

Luxury Automobiles

High-end vehicles that offer superior comfort, performance, and amenities, often characterized by their higher price points and status symbol.