Royal Corporation Uses the Indirect Method of Computing Net Cash

question 179

Multiple Choice

Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2009: accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for 2009 of $157,800 (including $34,800 of depreciation expense) , net cash flow from operating activities for 2009 is:

• A) $202,400.
• B) $132,800.
• C) $164,800.
• D) $221,700.

---

Definitions:

Collaboration

The process where two or more individuals or groups work together to achieve shared goals.

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by electronic communications.

Lack of Face-to-face Contact

A situation in digital or remote work environments where there is an absence of direct, in-person interaction, impacting communication and relationship building.

Virtual Teams

Groups of individuals who work together from different geographical locations, connected by the Internet and other digital communication technologies.