Bird Brain Co

question 50

Multiple Choice

Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2009. January 1 balances in accounts receivable and accounts payable were $23,000 and $26,000 respectively. Year-end balances in these accounts were $22,000 and $28,000, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be:

• A)$48,000.
• B)$44,000.
• C)$46,000.
• D)$45,000.

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Definitions:

Societal Expectations

The standards and norms that society deems acceptable or normal for its members to follow.

Gender

A social construct related to the roles, behaviors, activities, expectations, and societal norms associated with being male or female.

Assimilation

The cognitive process in which new information is absorbed and integrated into existing knowledge frameworks or schemas.

Accommodation

in cognitive psychology, refers to the process of adjusting one's schema (mental models) to incorporate new information, as part of the learning process.