Arena, Inc

question 162

Multiple Choice

Arena, Inc. uses the direct method to prepare its statement of cash flows. Use the following information reported for 2019 to compute the amount of cash paid for merchandise inventory. Cost of Goods Sold, $132,000
Merchandise Inventory, beginning balance, $28,000
Merchandise Inventory, ending balance, $66,000
Accounts Payable, beginning balance, $7700
Accounts Payable, ending balance, $5000

• A) $172,700
• B) $94,000
• C) $170,000
• D) $167,300

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Definitions:

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise.

Subject Interesting

A subjective assessment indicating how much an individual is intrigued, engaged, or finds a specific topic or activity appealing.

Drive Motivation

An internal state that energizes, orients, and selects behavior to fulfill a need or achieve a goal.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than by intrinsic satisfaction in the activity itself.