Net Income for the Year Was $45,500

question 126

Multiple Choice

Net income for the year was $45,500. Accounts receivable increased $5,500, and account payable increased by $11,200. Under the indirect method, the cash flow from operations is

• A) $51,200
• B) $45,500
• C) $62,200
• D) $28,800

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Definitions:

Physical Ailments

Medical conditions or illnesses affecting the body, often causing pain or discomfort.

Grieving

The process of experiencing emotional suffering or distress over a loss or change, typically associated with death.

Mental Illnesses

A wide range of mental health conditions that affect mood, thinking, and behavior.

Developmental Behaviors

Refers to actions or reactions of an individual at different stages of their growth which are typical or expected for their age.