Statement of Cash Flows Paige's Properties Inc

question 101

Multiple Choice

Statement of Cash Flows Paige's Properties Inc. reported 2008 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars) . What is the 2008 net cash flow from operating activities for Paige's Properties, Inc.?

• A) -$13,500,000
• B) $1,500,000
• C) $5,000,000
• D) $6,500,000

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Definitions:

Specialized Outsource Vendors

Third-party service providers with expertise in a specific field, hired to perform tasks more efficiently than the hiring company can.

Training

The process of enhancing the skills, knowledge, and competencies of employees to perform specific tasks or jobs more effectively.

Strategic Blocks

Conceptual blocks or barriers within an organization that prevent the successful implementation of strategic initiatives or change.

Non-core Work

Tasks or activities that are not central to the primary business or mission of an organization but may still be necessary for operation.