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

question 220

Short Answer

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
1.
$\begin{array}{ll}\text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable decreased by } & \$ 18,000 \\\hline \text { Accounts receivable increased by } & \$ 25,000 \\\hline \text { Inventories increased by } & \$ 5,000 \\\hline \text { Cash dividends paid were } & \$ 14,000 \\\hline \text { Depreciation expense was } & \$ 20,000\end{array}$

Net cash provided by operating activites was:
A) $\$ 120,000$ .
B) $\$ 70,000$ .
C) $\$ 110,000$
D) $\$ 24,000$ .
E) $\$ 71,000$

• A) \(\$ 120,000\).
• B) \(\$ 70,000\).
• C) \(\$ 110,000\)
• D) \(\$ 24,000\).
• E) \(\$ 71,000\)

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Definitions:

Innate Emotion

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An emotion that individuals acquire through experiences and socialization, which can vary across different cultures and societies.

Seeking

The process of actively looking for or attempting to obtain something, such as information, resources, or fulfillment.

Apologizing

The act of expressing regret or sorry for one's actions or words, often used as a means to mend or maintain social relationships.