Barker Company Paid Cash to Purchase Two Identical Inventory Items

question 2

Multiple Choice

Barker Company paid cash to purchase two identical inventory items.The first purchase cost $18.00 cash and the second cost $20.00 cash.Barker sold one inventory item for $30.00 cash.Based on this information alone,without considering the effect of income tax,:

• A)cash flow from operating activities is $11.00 assuming a weighted average cost flow.
• B)cash flow from operating activities is $12.00 assuming a FIFO cost flow.
• C)cash flow from operating activities is $10.00 assuming a LIFO cost flow.
• D)the amount of cash flow from operating activities is not affected by the cost flow method.

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Definitions:

Emotional Expressions

The ways in which people convey their feelings or emotions, often through facial expressions, voice tone, and body language.

Disengagement Theory

The period in late adulthood that marks a gradual withdrawal from the world on physical, psychological, and social levels.

Developmental Theory

A framework for understanding how and why people change or remain the same over time in all aspects of their development.

Nonverbal Communication

the process of conveying a message without the use of words, through facial expressions, body language, gestures, and tone of voice.