Use the Following Information and the Indirect Method to Calculate

question 153

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$$\begin{array} { | l | r | } \hline \text { Net income } & \$ 85,300 \\\hline \text { Depreciation expense } & 12,000 \\\hline & \\\hline \text { Gain on sale of land } &7,500 \\\hline \text { Increase in merchandise inventory } & 2,050 \\\hline \text { Increase in accounts payable } & 6,150\\\hline\end{array}$$

• A) $69,900.
• B) $108,900.
• C) $93,900.
• D) $85,700.
• E) $81,600.

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Definitions:

Breathing

The process of inhaling and exhaling air to facilitate gas exchange within the body, primarily oxygen intake and carbon dioxide expulsion.

Sleep

A state of rest for the body and mind, which is essential for maintaining mental and physical health.

Psychoanalytic

Pertaining to a theory of psychology that emphasizes unconscious psychological processes and childhood experiences in shaping personality and behavior.

Dream Theory

encompasses various psychological interpretations and explanations for why we dream and what dreams signify.