Use the Following Information and the Indirect Method to Calculate

question 61

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$\begin{array}{|l|r|}\hline \text { Cash paid for purchase of plant assets } & \$ 15,000 \\\hline \text { Decrease in interest payable } & 2,000 \\\hline \text { Depreciation expense } & 30,000 \\\hline \text { Gain on retirement of bonds } & 32,000 \\\hline \text { Increase in accounts receivable } & 40,000 \\\hline \text { Loss on sale of plant assets } & 5,000 \\\hline \text { Net Income } & 76,000\\\hline\end{array}$

• A)$22,000
• B)$117,000
• C)$69,000
• D)$37,000
• E)$91,000

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Definitions:

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as procedural memories for tasks.

Classical Conditioning

A conditioning method where a response initially triggered by a second stimulus comes to be triggered by the first stimulus alone, due to the repeated pairing of the two stimuli.

Cerebellum

A part of the brain located at the back of the skull, primarily responsible for coordinating voluntary movements and maintaining posture and balance.

Explicit Memories

Memories that can be consciously recalled, such as facts, knowledge, and experiences.