Alpha Company Had the Following Account Balances for 2018 Alpha Reported Net Income of $210,000 for 2018

question 27

Multiple Choice

Alpha Company had the following account balances for 2018: $\begin{array} { l c c }& \text { Dec. 31 } & \text { Jar. 1 } \\ Accourts~ receivable&\$ 44,000 & \$ 35,000 \\ Accourts ~payable& 55,000 & 60,000 \end{array}$ Alpha reported net income of $210,000 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) $224,000.
• B) $206,000.
• C) $214,000.
• D) $196,000.

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Definitions:

Cognitive Development

Cognitive development is the study of how children and adults develop thinking and reasoning skills over time, including memory, problem-solving, and decision-making abilities.

Debit Memorandum

An internal document sent from one department to another within a company to notify an adjustment of accounts, usually an increase in expense or a decrease in assets.

Merchandise Inventory

Refers to the goods that a company has on hand for the purpose of selling to customers.

Sales Discount

A reduction in the sale price offered by a seller to a buyer, typically to prompt early payment or reward customer loyalty.