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.

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Definitions:

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Refers to assets or resources that are subject to limitations or conditions on their use, often imposed by contractual agreements or regulations.

Unrestricted

Refers to funds or resources that are not subject to externally imposed restrictions and can be used by the organization for any purpose.

Donated

Items or assets that are given without any expectation of payment or benefit in return.

Endowment Fund

Financial assets donated to institutions or organizations with the stipulation that the funds are to be invested and the principal remains intact.