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Consider the Following Information Required:
Use the Indirect Method to Compute the Amount of

question 70

Essay

Consider the following information:
 Amortization Expense $36,000 Increase in Accounts Receivable 42,000 Increase in Accounts Payable 96,000 Decrease in Accrued Liabilities 48,000 Decrease in Inventory 105,00 Decrease in Prepaid Expenses 15,000 Net income 1,500,00\begin{array}{|l|r|}\hline\text { Amortization Expense } & \$ 36,000 \\\hline \text { Increase in Accounts Receivable } & 42,000 \\\hline \text { Increase in Accounts Payable } & 96,000 \\\hline \text { Decrease in Accrued Liabilities } & 48,000 \\\hline \text { Decrease in Inventory } & 105,00 \\\hline \text { Decrease in Prepaid Expenses } & 15,000 \\\hline \text { Net income } & 1,500,00 \\\hline\end{array} Required:
Use the indirect method to compute the amount of net cash flows provided by (used in)operating activities.

Comprehend the role of news media as agenda setters.
Identify the criteria by which news is considered newsworthy.
Differentiate between source bias and pack journalism.
Elucidate the concept of virtual democracy.

Definitions:

Constant of Proportionality

The fixed value that relates two proportional quantities.

Directly Proportional

A relationship between two variables wherein they increase or decrease at the same ratio.

Fifth Power

Raising a number or expression to the exponent of five, multiplying it by itself four times.

Hooke's Law

A principle of physics that states the force needed to extend or compress a spring by some distance is proportional to that distance.

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