The Following Account Balances Are for Curran Company Additional Data for Year 2:
(1)Sales on Account for the l

question 136

Multiple Choice

The following account balances are for Curran Company: $$\begin{array} { l r r } & 12 / 31 / \text { Year } 1 & 12 / 31 / \text { Year } 2 \\\text { Accounts receivable } & \$ 84,000 & \$ 60,000 \\\text { Prepaid rent } & 8,000 & 4,000 \\\text { Long-tem marketable securities } & 80,000 & 70,000 \\\text { Dividends payable } & 6,000 & 2,000 \\\text { Salaries payable } & 8,000 & \$ 2,000 \\\text { Notes payable } & 44,000 & 34,000\end{array}$$ Additional data for Year 2:
(1) Sales on account for the period totaled $100,000.
(2) Salary expense was $14,000.
(3) Rent expense was $12,000.
Based on this information,what was the net cash inflow from operating activities for Year 2?

• A) $88,000.
• B) $84,000.
• C) $92,000.
• D) $74,000.

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Definitions:

Major Structure

The most stable or predominant structure of a molecule among several possible ones under given conditions.

Major Structure

The most stable or dominant arrangement of atoms within a molecule out of all possible isomeric forms.

Chromic Acid

A powerful oxidizing agent made from mixing chromium trioxide or sodium dichromate with sulfuric acid, used in cleaning laboratory glassware and oxidizing organic compounds.

Oxidation

A chemical process involving the loss of electrons or an increase in oxidation state by a molecule, atom, or ion.