Hanson Company Had the Following Account Balances for 2018 Hanson Reported Net Income of $90,000 for 2018

question 14

Multiple Choice

Hanson Company had the following account balances for 2018: $\begin{array}{lrcc} & \text { Dec. 31 } & \text { Jan. 1 } \\\text { Inventory } & \$ 40,000 & \$ 35,000 \\\text { Accounts payable } & 40,000 & 55,000\end{array}$ Hanson reported net income of $90,000 for 2018. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2018 reported in the statement of cash flows?

• A) $70,000.
• B) $80,000.
• C) $100,000.
• D) $110,000.

---

Definitions:

Commission

The fee paid to a broker or agent for conducting a transaction, typically a percentage of the transaction value.

Limit Order Book

A record of all open buy and sell orders for a specific security or asset, organized by price level.

Market Buy Order

An order to purchase a security immediately at the best available current price.

Last Trade

The most recent transaction that occurred for a specific security on a trading platform.