Shaw Associates Uses the Indirect Method for Preparing the Statement

question 44

Multiple Choice

Shaw Associates uses the indirect method for preparing the statement of cash flows.The following accounts and balances were drawn from the company's accounting records: $$\begin{array} { l c c } \text { Account Title } & \text { Beginning } & \text { Ending } \\\text { Accounts receivable } & \$ 30,000 & \$ 40,000 \\\text { Prepaid insurance } & \$ 24,600 & \$ 1,000 \\\text { Accounts payable } & \$ 24,000 & \$ 25,800 \\\text { Unearned revenue } & \$ 6,400 & \$ 3,800\end{array}$$ Net income for the period was $42,000.The net cash flows from operating activities equal:

• A) $37,200.
• B) $34,800.
• C) $49,200.
• D) $40,000.

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Nonpharmacological

Pertains to methods or interventions that do not involve the use of drugs or medical substances for treatment.

Pain-Relief Methods

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Nursing Process Steps

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Clinical Decision-Making

The process healthcare providers use to evaluate and determine the appropriate course of treatment for patients.