Anew Health Care Company Reports Net Income of $220,000 and Depreciation

question 8

Multiple Choice

Anew Health Care Company reports net income of $220,000 and Depreciation Expense of $16,000 for the year ending December 31,2019.No long-term assets were sold or exchanged during 2019.They also have the following data available: Using the indirect method,what is the net cash provided by operating activities for the year ending December 31,2019?

• A)$72,000
• B)$104,000
• C)$132,000
• D)$208,000

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Definitions:

Eclectic Approach

An approach in psychology that combines theories and methodologies from different schools of thought to address psychological issues more effectively.

Client-Centered Therapy

A humanistic therapy, developed by Carl Rogers, in which the therapist uses techniques such as active listening within a genuine, accepting, empathic environment to facilitate clients’ growth. Also called person-centered therapy.

Psychotherapy

A form of treatment for emotional and psychological disorders that involves talking with a therapist to resolve problematic behaviors, beliefs, feelings, and relationship issues.

Placebo Effect

Improvement in a patient's condition resulting from the mere expectation of treatment and not the treatment itself.