Net Income for the Year Was $45,500

question 126

Multiple Choice

Net income for the year was $45,500. Accounts receivable increased $5,500, and account payable increased by $11,200. Under the indirect method, the cash flow from operations is

• A) $51,200
• B) $45,500
• C) $62,200
• D) $28,800

---

Definitions:

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.

Drinking-Related Problems

Issues arising from the consumption of alcohol, including health concerns, social problems, and psychological or physical dependency.

Adversely Affected

Negatively impacted or harmed by a particular event, action, or decision.

Behavioural Disinhibition

A personality trait describing an inability to inhibit behavioural impulses, rebelliousness, aggressiveness, and risk-taking that are associated with the development of alcohol problems.