Lucia Ltd Reported Net Income of $135,000 for the Year Ended

question 65

Multiple Choice

Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2009. 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:

Dependency

A state of relying on or needing something or someone for support, sustenance, or survival.

Emotional Self-regulation

The process by which an individual controls and manages their emotional responses to stimuli or situations.

Reverse Psychology

A technique involving the assertion of a belief or behavior that is opposite to the one desired, with the expectation that this approach will encourage the subject to do what actually is desired.

Behavioral Self-examination

The process of reflecting on one's actions and behaviors with the aim of understanding and improving oneself.