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:

Codon

A sequence of three nucleotides which together form a unit of genetic code in a DNA or RNA molecule.

Homogenized

Made uniform or similar in composition or structure; often refers to milk that has been processed to distribute fat evenly.

Introgression

The transfer of genetic information from one species to another as a result of hybridization between them and repeated backcrossing.

Hybridization

The process of mating or genetically combining individuals from two different species, strains, or varieties to produce hybrids.