Rabin Corporation Had the Following Selected Balance Sheet Changes for the Past

question 78

Multiple Choice

Rabin Corporation had the following selected balance sheet changes for the past year: $\begin{array}{|l|cc|}\hline \text { Assets and contra-assets } & \text { Increase/(Decrease) } \\\hline \text { Cash } & \$ \quad 37,000 \\\hline \text { Accounts receivable } & \$\quad 12,000 \\\hline \text { Inventory } & \$ \quad 17,000 \\\hline \text { Prepaid expenses } & \$ \quad (5,000) \\\hline \text { Accumulated depreciation } & \$ \quad 9,000\\\hline\\\hline\text {Liabilities}&\text { Increase/(Decrease) }\\\hline\text { Accounts payable } & \$ \quad 18,000 \\\hline \text { Wages payable } & \$ \quad (9,000) \\\hline \text { Taxes payable } & \$ \quad 11,000\\ \hline\end{array}$
The company's operating income for the year was $25,000.What is the net cash provided by operating activities for last year on the statement of cash flows for Rabin Corporation (using the indirect method) ?

• A)$ 5,000
• B)$20,000
• C)$30,000
• D)$67,000

Recognize the legal and ethical considerations in union-management relations, particularly regarding workers' rights to organize and negotiate collectively.

Understand the process and significance of collective bargaining, including the steps and key components involved.

Distinguish between the different types of union security arrangements and their implications for workers and employers.

Appreciate the importance of the grievance procedure in addressing labour disputes and maintaining labour relations.

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