At the End of the First Year of Operations,the Balance

question 96

Multiple Choice

At the end of the first year of operations,the balance sheet of Huntington Beach Co.Industries had the following balances: Accounts Receivable,$5,000;Accounts Payable,$6,000;Inventory,$3,000;and Unexpired Insurance,$2,000.The corporation reported net income of $79,000 for the year,including depreciation expense of $5,000,and uses the indirect method of computing net cash flow from operating activities.Based on this information,net cash flow from operating activities is

• A)$82,000.
• B)$78,000.
• C)$70,000.
• D)$77,000.

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A framework introduced by Kurt Lewin that posits that behavior is a function of the person and their environment, emphasizing the need for changing both to enact lasting change.

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