Ohio,IncUses the Indirect Method to Prepare the Statement of Cash

question 43

Multiple Choice

Ohio,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following income statement: Additional information provided by the company includes the following:
Current assets,other than cash,decreased by $5500.
Current liabilities increased by $2500.
Compute the net cash provided by (used for) operating activities.

• A)$(33,500)
• B)$(61,900)
• C)$10,700
• D)$38,700

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Definitions:

Molecular Phylogenies

The use of molecular data to construct evolutionary trees that represent the relationships among different species or organisms.

DNA Sequence

The precise order of nucleotides within a DNA molecule, determining genetic information.

Introns

Non-coding sections of a gene that are removed from the RNA transcript before it is translated into protein, playing roles in gene expression regulation and evolution.

Exons

Sequences of DNA within a gene that are transcribed to messenger RNA and then translated into protein.