The Following Data Is Provided for Last Year

question 77

Multiple Choice

The following data is provided for last year. Net income was $210,000. Current receivables and prepaid expenses increased by $10,000 and $2,000, respectively. Current payables decreased by $8,000. Under the indirect method, the cash flows from operating activities would be:

• A)$190,000.
• B)$206,000.
• C)$230,000.
• D)$214,000.

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Definitions:

Vegan

A dietary choice to avoid all animal products and by-products for health, environmental, or ethical reasons.

Chiropractic Treatment

A form of alternative medicine focused on diagnosing and treating mechanical disorders of the musculoskeletal system, especially the spine, under the belief that these disorders affect general health via the nervous system.

Energy Healing

A holistic practice that involves channeling healing energy into a person’s body to restore balance, promote wellness, and support the body’s natural healing processes.

Massage

A therapeutic technique involving the manipulation of body muscles and tissues to relieve stress, tension, and pain.