(Appendix 14A) the Changes in Northrup Corporation's Balance Sheet Account

question 16

Multiple Choice

(Appendix 14A) The changes in Northrup Corporation's balance sheet account balances for last year appear below:
The company's income statement for the year appears below:
The company declared and paid $28,000 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.
-On the statement of cash flows,the sales adjusted to a cash basis would be:

• A) $976,000
• B) $982,000
• C) $984,000
• D) $980,000

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Definitions:

Non-Bonding Lone Pairs

Non-bonding lone pairs refer to pairs of valence electrons on an atom that do not participate in bonding with other atoms.

Electronegativity

A measure of an atom's ability to attract and hold onto electrons within a chemical bond.

Periodic Table

is a tabular arrangement of the chemical elements, organized by increasing atomic number, electron configurations, and recurring chemical properties.

Methylamine

An organic compound with a formula of CH3NH2, representing the simplest form of an amine.