The Following Data Relate to Wise Enterprises for Last Year

question 102

Multiple Choice

The following data relate to Wise Enterprises for last year: $$\begin{array} { | l | c c | } \hline \text { Operating incume } & \$ & 108,000 \\\hline \text { Net increase in all current assets except cash } & \$ & 12,000 \\\hline \text { Net increase in current liabilities } & \$ & 38,000 \\\hline \text { Cash dividends paid an common stock } & \$ & 15,000 \\\hline \text { Loss an sale of investments } & \$ & 4,000 \\\hline \text { Depreciation expense } & \$ & 6,000 \\\hline\end{array}$$ What is the net cash provided by operating activities for last year on the statement of cash flows for Wise Enterprises?

• A)$121,000
• B)$124,000
• C)$144,000
• D)$151,000

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Definitions:

Hiring Freeze

A temporary halt on the recruitment of new employees, typically implemented to reduce costs or reevaluate staffing needs.

Corporate Social Performance

A company's effectiveness in meeting its societal obligations, contributing positively to its stakeholders and the environment.

Downsizing

The reduction of an organization's workforce to improve its efficiency, cut costs, or realign its structure, often resulting in layoffs or elimination of positions.

Long-Term Profitability

The sustained ability of a company to generate earnings over an extended period, ensuring its viability and growth.