Bankers Company Reported Net Income of $40,000,which Included Depreciation Expense

question 79

Essay

Bankers Company reported net income of $40,000,which included depreciation expense and depletion expense of $21,000 and $18,000,respectively.The following changes also occurred during 2010:
$$\begin{array} { | l | r | l | } \hline \text { Irventory } & \$ 10,000 & \text { decrease } \\\hline \text { Accourts payable } & 5,000 & \text { decrease } \\\hline \text { Notes payable (leng-term) } & 15,000 & \text { decrease } \\\hline \text { Income taxes payable } & 7,000 & \text { increase } \\\hline \text { Accourts receivable } & 10,000 & \text { increase } \\\hline\end{array}$$
Required:
Calculate cash flows from operating activities. 

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Definitions:

Gender and Leadership Discussion

An examination of how gender affects leadership styles, opportunities, perceptions, and effectiveness.

Gender Stereotypes

Preconceived ideas whereby females and males are arbitrarily assigned characteristics and roles determined and limited by their gender.

Role Conguity Theory

A theory that suggests individuals are perceived more positively when their behaviors are congruent with the roles expected of their social group.

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emphasizes collaborative, participative, and egalitarian aspects in leading organizations or communities, often focusing on shared goals and mutual support.