In Preparing a Company's Statement of Cash Flows for the Most

question 209

Multiple Choice

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $$\begin{array} { l | r } \text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable decreased by } & 18,000 \\\hline \text { Accounts receivable increased by } & 25,000 \\\hline \text { Inventories increased by } & 5,000 \\\hline \text { Depreciation expense was } & 30,000\end{array}$$ Net cash provided by operating activities was:

• A) $60,000.
• B) $34,000.
• C) $80,000.
• D) $52,000.
• E) $70,000.

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Definitions:

Unproductive Meetings

Gatherings or assemblies that fail to achieve their intended outcomes or objectives, often resulting in wasted time.

Listening Skills

The ability to accurately receive and interpret messages in the communication process, essential for effective communication.

Calm Approach

A method or strategy characterized by tranquility and composure, often employed to handle situations or solve problems without stress or agitation.

Selective Listening

The process of hearing and focusing on certain parts of a message while ignoring others, often based on bias or preconception.