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Marty Uses the Visual Inspection Method for Preparing the Statement

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Marty uses the visual inspection method for preparing the statement of cash flows. Selected information for Marty Company during 2014 follows:

Marty uses the visual inspection method for preparing the statement of cash flows. Selected information for Marty Company during 2014 follows:       If Marty reported net income of $320, what was the net cash provided by operating activities for 2014? A)  $329 B)  $330 C)  $332 D)  $342

If Marty reported net income of $320, what was the net cash provided by operating activities for 2014?


Definitions:

Reserve Requirement

The minimum amount of funds that a bank must hold in reserve against deposits made by customers.

Reserves

Funds or material set aside or saved for future use; in banking, refers to the amount of funds that a bank holds in reserve to meet central bank requirements and withdrawals.

Reserve Requirement

A regulation set by central banks determining the minimum amount of reserves that must be held by commercial banks, intended to ensure bank liquidity and stability.

Deposits

Deposits are funds placed into an account at a financial institution, often earning interest over time.

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