Marty Uses the Visual Inspection Method for Preparing the Statement

question 91

Multiple Choice

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

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Definitions:

Nonfinancial Measures

Nonfinancial measures refer to metrics used to assess aspects of a business's performance not directly related to financial outcomes, such as customer satisfaction, employee engagement, or environmental impact.

External Process Perspective

An approach that focuses on the inputs and outputs of processes, emphasizing interactions with external entities.

Balanced Scorecard

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.

Cost of Goods Sold

The direct costs attributed to the production of the goods sold in a company, including both materials and labor.