Dennis Corporation Prepared the Following Data (In Dollars) for the Current

question 78

Multiple Choice

Dennis Corporation prepared the following data (in dollars) for the current year: Using the indirect method, what is the net cash flow from operating activities?
$\begin{array}{|l|r|}\hline \text {Increase in accounts receivable }&\$6,000\\\hline \text { Decrease in inventory } & 2,400 \\\hline \text { Increase in prepaid expenses } & 1,600 \\\hline \text { Depreciation expense, equipment } & 7,000 \\\hline \text { Loss on sale of equipment } & 1,500 \\\hline \text { Net income } & 130,000 \\\hline\end{array}$

• A)$146,800
• B)$133,300
• C)$101,200
• D)$118,000

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Definitions:

Zygote

The first cell created from the union of a sperm and an egg cell, signifying the beginning phase of development of an embryo.

Fetus

A developing mammal or human from roughly eight weeks after conception to the moment of birth.

Habituation

The process by which an individual becomes accustomed to a stimulus after repeated exposure, leading to a decrease in response.

Visual Attention

The mental process of focusing attention on a specific element of the surroundings while excluding other aspects.