Planet & Co

question 76

Multiple Choice

Planet & Co.reported net income for the current year.Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?

• A)Cash dividends were paid to stockholders during the year.
• B)Depreciation expense was recorded for the year.
• C)A bank loan was repaid during the year.
• D)Equipment was purchased for cash during the year.

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Definitions:

Thwarted

Refers to being prevented from accomplishing something or obstructed in achieving an objective.

Goal

An aim or desired outcome that a person or a group of people envision, plan, and commit to achieve.

Frustration

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.