In Preparing a Company's Statement of Cash Flows for the Most

question 28

Multiple Choice

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $$\begin{array} { | l | r | } \hline \text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable increased by } & 18,000 \\\hline \text { Accounts receivable decreased by } & 25,000 \\\hline \text { Inventories decreased by } & 5,000 \\\hline \text { Cash dividends paid were } & 14,000 \\\hline \text { Depreciation expense was } & 20,000 \\\hline\end{array}$$ Net cash provided by operating activities was:

• A) $120,000.
• B) $71,000.
• C) $70,000.
• D) $24,000.
• E) $110,000.

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Definitions:

Diversity

The inclusion of individuals with a range of characteristics, such as age, gender, ethnicity, religion, disability, sexual orientation, education, and national origin, contributing to a rich variety of experiences and perspectives.

Experimentation With Failure

The process of actively engaging in trials that may not succeed in order to learn, innovate, or solve problems.

Group Size

refers to the number of individuals forming a group, affecting dynamics such as participation, cohesion, and effectiveness.

Paranoia

A psychological state marked by false beliefs of being persecuted, undue suspicion, or an inflated sense of one's own significance, often developed into a structured belief system.