Lucia LtdReported Net Income of $135,000 for the Year Ended December

question 98

Multiple Choice

Lucia Ltd.reported net income of $135,000 for the year ended December 31,2016.January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000,respectively.Year-end balances in these accounts were $30,000 and $24,000,respectively.Assuming that all relevant information has been presented,Lucia's cash flows from operating activities would be:

• A)$132,000.
• B)$134,000.
• C)$136,000.
• D)$138,000.

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Definitions:

Even Tempered

Having a calm, stable, and balanced temperament, not easily disturbed or agitated.

Extremely Active

Describes a high level of physical or mental activity, often beyond what is considered typical or average.

Extraversion/Surgency

A personality trait characterized by high levels of energy, sociability, talkativeness, and a tendency towards seeking stimulation and company.

High Stimulating

Pertains to environments, activities, or stimuli that are rich in sensory input and can elicit strong physiological or psychological responses.