In Preparing a Company's Statement of Cash Flows for the Most

question 59

Multiple Choice

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $$\begin{array} { l | r } \text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable increased by } & 18,000 \\\hline \text { Accounts receivable decreased by } & 25,000 \\\hline \text { Inventories increased by } & 5,000 \\\hline \text { Depreciation expense was } & 30,000\end{array}$$ Net cash provided by operating activities was:

• A)$60,000.
• B)$70,000.
• C)$130,000.
• D)$80,000.
• E)$120,000.

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Definitions:

Consolidation

A process where immediate memories become lasting memories when new neural connections are created and prior neural connections get stronger.

Sleep Deprived

A condition caused by not getting enough sleep, affecting physical and mental health and performance.

Microsleeps

Very short, uncontrollable episodes of sleep that occur while a person is apparently awake, especially common in people suffering from sleep deprivation.

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.