The Following Data Is Provided for Last Year

question 26

Multiple Choice

The following data is provided for last year. Net income was $30,000. Current assets (other than cash) increased by $12,000 and current liabilities increased by $8,000. Under the indirect method, the cash flows from operating activities would be:

• A)$34,000.
• B)$10,000.
• C)$30,000.
• D)$26,000.

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Definitions:

Chilly Climate

An environment, often within a workplace or educational setting, that is unwelcoming and may subtly or overtly discourage participation from certain groups of people.

Inequity

A situation in which there is an unfair, unequal distribution of resources or opportunities among members of a society.

Devaluation

The reduction of value or worth of something, often referring to currency in economic contexts, but can also apply to social and personal valuation.

Canadian University Campuses

Refers to the physical grounds and facilities of institutions of higher education located within Canada.