Rogers Company Reported Net Income of $35,000 for the Year

question 26

Multiple Choice

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000, and depreciation expense of $8,000 was recorded. Net cash provided by operating activities under the indirect method for the year is

• A) $53,000
• B) $47,000
• C) $33,000
• D) $37,000

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Definitions:

Unconscious Conflict

Psychological struggles within the mind that occur without conscious awareness, often influencing behavior and emotions.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a response to stress or threat.

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts, desires, or experiences are unconsciously excluded from conscious awareness.

Defense Mechanism

Psychological strategies used by individuals to cope with reality and maintain self-image by unconsciously denying or distorting reality.