Norton Company Reported Total Sales Revenue of $55,000,total Expenses of $45,000,and

question 57

Multiple Choice

Norton Company reported total sales revenue of $55,000,total expenses of $45,000,and net income of $10,000 on its income statement for the year ended December 31,2010.During 2010,accounts receivable increased by $4,000,merchandise inventory increased by $6,000,accounts payable decreased by $2,000,and depreciation of $18,000 was recorded.Therefore,based only on this information,the net cash flow from operating activities using the indirect method for 2010 was: 

• A) $30,000
• B) $10,000
• C) $16,000
• D) $19,000

---

Definitions:

Counterconditioning

In classical conditioning, the process of pairing a conditioned stimulus with a stimulus that elicits a response that is incompatible with an unwanted conditioned response.

Lithium Carbonate

A chemical compound used as a mood stabilizer in the treatment of bipolar disorder and other psychiatric conditions.

Mania

A mental health condition characterized by periods of great excitement, euphoria, delusions, and overactivity.

Starving

The physical condition resulting from a severe lack of essential nutrients over a prolonged period.