Calculate Cash from Operating Activities Using the Following Information: Profit $\quad$

question 9

Multiple Choice

Calculate cash from operating activities using the following information: Profit $\quad$$\quad$$\quad$$\$ 148,000$
Depreciation $\quad$$\quad$$\$ 40,000$ .
Inventory increased by $\quad$$\$ 10,000$ .

• A)$148 000
• B)$178 000
• C)$188 000
• D)$98 000

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Definitions:

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events from non-owner sources.

Available-For-Sale Securities

Financial investments that a company holds with the intent of selling for a profit but are not actively traded or held to maturity.

Unrealized Loss

A loss that occurs on paper due to the decrease in value of an investment but has not yet been realized through actual sale or exchange.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from revenue. It is often referred to as the bottom line.