Alfredo Inc

question 186

Multiple Choice

Alfredo Inc.reports net income of $230,000 for the year ended December 31.It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment.Its comparative balance sheet reveals a $35,500 decrease in accounts receivable,a $15,750 increase in accounts payable,and a $12,500 decrease in wages payable.Calculate the cash provided (used) in operating activities using the indirect method.

• A)$376,450.
• B)$351,450.
• C)$356,450.
• D)$319,950.
• E)$263,750.

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Definitions:

Carbohydrate

Organic compounds, including sugars, starches, and cellulose, made up of carbon, hydrogen, and oxygen, serving as a major source of energy for living organisms.

Deoxyribose

A sugar derived from ribose by replacing a hydroxyl group with hydrogen, forming the backbone of DNA molecules.

DNA

The molecule that carries genetic instructions used in the growth, development, functioning, and reproduction of all living organisms.

Metabolism

The set of life-sustaining chemical reactions in organisms, including processes for converting food to energy, constructing cellular materials, and discarding waste.