S Company Reported Net Income for 2018 in the Amount $~~~~~~~~~~~\$ 80,000$

question 5

Multiple Choice

S Company reported net income for 2018 in the amount of $400,000. The company's financial statements also included the following: Increase in accounts receivable $~~~~~~~~~~~\$ 80,000$
Decrease in irventory $~~~~~~~~~~~60,000$
Increase in accourts payable $~~~~~~~~~~~200,000$
Depreciation expense $~~~~~~~~~~104,000$
Gair on sale of lard $~~~~~~~~~~~148,000$ What is net cash provided by operating activities under the indirect method?

• A) $432,000.
• B) $536,000.
• C) $580,000.
• D) $832,000.

---

Definitions:

SEC Registration

The process by which securities are registered with the Securities and Exchange Commission, a requirement for securities to be legally sold to the public in the United States.

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically for financing short-term liabilities, with maturities ranging from a few days to 270 days.

TSX

The Toronto Stock Exchange, one of the largest stock exchanges in the world, based in Canada.

DAX

A blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.