A Company Had Net Income of $252,000

question 144

Multiple Choice

A company had net income of $252,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased by $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased by $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?

• A) $217,000.
• B) $224,000.
• C) $284,000.
• D) $305,000.

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Definitions:

Sexual Division of Labor

The allocation of different tasks between males and females in a society, often based on societal norms, biological differences, or cultural practices.

Autocratic Rule

A form of government in which a single individual possesses unchecked political power and authority over state affairs.

Political And Religious Authority

The combined influence and power held by political leaders and religious figures or institutions.