Presented Below Is the Operating Activities Section of the Statement

question 82

Multiple Choice

Presented below is the operating activities section of the statement of cash flows for Feline Friends Corp.for 2016: $$\begin{array}{l}\text { Operating activities: }\\\begin{array} { l r } \text { Cash collected from customers } & \$ 165,000 \\\text { Cash payments for merchandise } & ( 83,000 ) \\\text { Cash payments for operating expenses } & \underline { ( 58,000 ) } \\\text { Net cash inflow from operating activities } & \underline { \$ 24,000 }\end{array}\end{array}$$ Which method of preparing the operating activities section has Feline used?

• A) The direct method
• B) The indirect method
• C) Either method
• D) Cannot be determined without further information

---

Definitions:

Heart Disease

a range of conditions that affect the heart, including blood vessel diseases, heart rhythm problems, and heart defects among others.

Optimistic Explanatory Style

Believing negative events are temporary and specific.

Believing

The act of accepting something as true, typically without empirical evidence or in the faith of a doctrine or principle.

Bad Events

Unfavorable or negative occurrences that can impact an individual's mental or emotional well-being.