Use the Selected Data from the Consolidated Statements of Cash

question 25

Essay

Use the selected data from the consolidated statements of cash flows for College Corporation for the years ended December 31,2018 and 2017,to answer the questions that follow.
$\begin{array}{lrr}\text { (in thousands)}&\underline{2018}&\underline{2017}\\\text { Operating Activities:}\\\text { Net income}&\$ 6,328 & \$ 6,093 \\ \text { Adjustments to reconcile net income to net cash provided by}\\\text { operating activities:}\\\text { Depreci ation } & 4,475 & 4,018 \\\text { Amortization of so ftware } & 517 & 983 \\\text { Effect of restructuring charges } & (355) & (445) \\\text { Deferred income taxes } & (606) & 358 \\\text { Gain on the disposal of fixed assets and other assets } & (261) & (273) \\\text { Changes in assets and liabilities (net of businesses acquired) } & &\\\text { Accounts receivable } & (2,736) & (3,727) \\\text { Inventories } & 73 & 432 \\\text { Other assets } & 880 & (1,087) \\\text { Accounts payable and accrued li abilities } & 362 & 699 \\\text { Other liabilities } & \underline{596} & \underline{1,814} \\\text { Net cash provided by operating activities } & \underline{9,273} & \underline{\$ 8,865} \\\text { Net cash used by investing activities } & \underline{ \$(6,131) }&\underline{ \$(6,155)} \\\text { Net cash provided by financing activities } & \$(4,993) & \$(3,090) \\\text { Cash and cash equival ents at end of year } & \underline{\$ 5,375 }&\underline{ \$ 7,106 }\\\end{array}$


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Required
(A)What is the significance of the positive amounts shown above,for both years,for accounts payable and accrued liabilities?
(B)At the end of each year,College's cash balance was approximately $5 to $7 million.What does this indicate about College's cash management techniques?

Comprehend the basics of habituation and dishabituation in infant cognitive development.

Recognize the emergence of object permanence and its relation to Piaget's stages.

Understand hierarchical classification and conservation in children's cognitive development.

Identify the characteristics of formal operational thought according to Piaget.

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Definitions:

Argument

A series of statements or reasons made to persuade others that an idea or point of view is correct or valid.

True

In accordance with fact or reality, without falsehood or error.

False

Not true; incorrect.

False Alternative

A logical fallacy that occurs when an argument presents a limited set of options as if they are the only possibilities when, in fact, more options exist.