Bernard, Inc

question 73

Multiple Choice

Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In 2014, Bernard had net income of $54,000. In addition, the following information is available:



What net cash provided by operating activities should Bernard report in 2014?

• A) $46,000
• B) $72,000
• C) $49,000
• D) $50,000

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Definitions:

Happiness

A state of well-being and contentment characterized by positive emotions.

Material Goods

Physical items that are produced and can be purchased or sold, providing utility or satisfaction to the consumer.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.

Emotions

Emotions are complex psychological states involving an organism's physiological response, subjective experience, and behavioral or expressive response to stimuli.