The Net Income Reported on the Income Statement for the Current

question 128

Multiple Choice

The net income reported on the income statement for the current year was $250,000.  Depreciation recorded on fixed assets and amortization of patents for the year were $40,000, and $9,000, respectively.  Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

• A) $271,000
• B) $279,000
• C) $327,000
• D) $256,000

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Definitions:

Reuptake

A process in which neurotransmitters released into the synaptic cleft are reabsorbed back into the presynaptic neuron, thus stopping their action on the postsynaptic neuron.

ACh

Acetylcholine, a neurotransmitter in both the central and peripheral nervous systems that is involved in muscle activation, memory, and learning.

Muscular Paralysis

The loss of muscle function in part of your body, which can be a complete or partial inability to move muscles.

Transmission

The process by which genetic information is passed on from one generation to another or the process by which nerve impulses are sent across a synapse.