Use the Nutrition Fact Label Below to Answer the Question

question 174

Multiple Choice

Use the nutrition fact label below to answer the question.
Nutrition Facts
Serving Size: 2.5 oz. (70 mg.)
Servings per container: 2
Amount per serving
Calories                        250
  Calories from fat           2
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                               % Daily Value*
Total Fat 3g                      5%
     Saturated fat 1.5g      8%
     Trans Fat 0g                 
Cholesterol 10mg            3%
Sodium 550mg                23%
Total Carb 46g                 15%
     Dietary Fiber 3g         12%
     Sugars 7g
Protein 9g
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Vitamin A                           2%
Vitamin C                          30%
Calcium                             10%
Iron                                    10%
* Percent daily values are based on a 2,000 calorie diet.  Your daily values may be higher or lower depending on your calorie needs.
                             Calories:           2,000        2,500
Total Fat                 Less than          65g             80g
Sat Fat                   Less than          20g             25g
Cholesterol             Less than         300mg        300mg
Sodium                   Less than         2,400mg     2,400mg
Total Carb                                        300g           375g
Dietary Fiber                                    25g             30g
How many calories is the percent Daily Value based on?

• A)2500
• B)1500
• C)3000
• D)2000

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Definitions:

Operating Activities

The primary day-to-day activities of a business involved in producing and selling its goods or services, reflected in the cash flow statement.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for non-cash transactions and changes in working capital accounts to arrive at net cash flow from operating activities.

Increase in Cash

An upward movement in the cash balance of a business during a specific period of time.

Direct Method

In accounting, a cash flow statement preparation approach that lists specific cash inflow and outflow categories directly.