Felix Company Uses the Indirect Method to Prepare the Statement

question 121

Multiple Choice

Felix Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following: 1) Current assets, other than cash, increased by $24,000
"2) Current liabilities decreased by $1,000
How much is the net cash provided by operating activities?"

• A)$21,000
• B)$34,000
• C)$29,000
• D)$39,000

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Definitions:

Streamlined Predators

Predators with bodies designed to reduce resistance while moving swiftly through their environment, often found in aquatic or aerial habitats.

Food Chains

A series of organisms each dependent on the next as a source of food, showing the flow of energy and nutrients from one entity to another.

Facilitator of Succession

An organism or factor that catalyzes ecological succession, ensuring the progression from one ecological community to another, leading to increased biodiversity.