Baird Company Reported Depreciation Expense of $10,000 and Net Income

question 57

Multiple Choice

Baird Company reported depreciation expense of $10,000 and net income of $16,000 on its Year 1 income statement.During Year 1,the company's accounts receivable balance decreased by $4,000.Based on this information alone,what was the amount of cash flow from operating activities?

• A)$12,000
• B)$16,000
• C)$32,000
• D)$30,000

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Definitions:

Mental Disorders

Psychological conditions characterized by significant disturbances in thought, emotion, or behavior.

General Paresis

An irreversible medical disorder whose symptoms include psychological abnormalities, such as delusions of grandeur; caused by syphilis.

Emil Kraepelin

A German psychiatrist known for his contributions to the classification of mental disorders and is often considered the founder of modern scientific psychiatry.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, characterized by distinct stages and symptoms, including sores, rashes, and potentially serious late-stage complications.