Assume That During the Year, the Grey Company Had Net

question 68

Multiple Choice

Assume that during the year, the Grey Company had net income of $300,000. Its inventory increased by $6,000 and its accounts payable decreased by $7,000. Based on this information, net operating cash flows for the year equal

• A) 287000
• B) 299000
• C) 301000
• D) 313000

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Definitions:

Exercise

Physical activities that are planned, structured, and repetitive for the purpose of conditioning any part of the body, to improve health and maintain fitness.

Human Development

The multidisciplinary study of how people change and grow over the course of their life, including physical, cognitive, social, and emotional development.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Genes

Biological units of heredity located in DNA; responsible for governing traits and characteristics through the production of proteins.