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The Black Corporation has provided the following information:
• Net income: $560,000
• Increase in prepaid expenses: $14,000
• Amortization of discount on bonds payable: $10,000
• Decrease in accounts payable: $20,000
• Increase in inventory: $21,000
• Dividends declared: $39,000
• Dividends paid: $36,000
• Increase in accounts receivable: $30,000
• Increase in wages payable: $16,000
• Increase in deferred tax liability: $41,000
Required:
Determine the cash flow from operating activities.
Needs Analysis
This process involves determining and addressing gaps between current conditions and desired conditions or needs, often used to identify the necessary changes in an organization or for individual development.
Resource Analysis Process
An assessment methodology used to determine the necessary resources required to achieve specific goals or complete a project.
Sufficient Money
Sufficient Money refers to having enough financial resources to meet one’s needs, obligations, and goals without experiencing financial stress.
Internal Environment
The conditions, entities, events, and factors within an organization that influence its activities and choices.
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