Adophus,Inc

question 65

Multiple Choice

Adophus,Inc.'s 2010 income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000.The 2010 balance sheet reported the following: accounts receivable beginning balance of $50,000 and ending balance of $40,000; accounts payable beginning balance of $22,000 and ending balance of $28,000.Therefore,based only on this information and using the indirect method,the 2010 net cash inflow from operating activities was: 

• A) $126,000
• B) $186,000
• C) $166,000
• D) $174,000

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Definitions:

Government Decisions

Actions or policies chosen by public officials or governmental bodies that affect how a country is governed or how public resources are allocated.

Future Costs

Expected expenses that will be incurred in the production of goods or services in the future.

Observable Benefits

Advantages or improvements that can be directly seen or measured, often used in the context of evaluating the impact of a policy or investment.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.