Use the Following Information and the Indirect Method to Calculate

question 44

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$$\begin{array} { | l | r | } \hline \text { Net income } & \$ 12,300 \\\hline \text { Depreciation expense } & 12,000 \\\hline \text { Payment on mortgage payable } & 15,000 \\\hline \text { Gain on sale of land } & 7,500 \\\hline \text { Increase in merchardise inventory } & 2,050 \\\hline \text { Increase in accounts payable } &6 , 1 5 0 \\\hline \text { Proceeds from sale of land } & 8 , 0 0 0 \\\hline\end{array}$$

• A) $12,700
• B) $13,900
• C) $20,900
• D) $28,400
• E) $35,900

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Definitions:

Programming Methodology

Programming methodology encompasses the best practices, strategies, and procedures for designing and implementing computer programs, aiming for efficiency, readability, and maintainability.

Exception Class

A type of class in programming languages designed to handle errors or exceptional events during the execution of a program.

Java.lang

A fundamental package in the Java programming language that provides classes that are basic to the language and are automatically imported.

Throws Clause

Part of a method declaration in Java that specifies which types of exceptions the method might throw during its execution.