A Corporation Reported the Following Information in Its Income Statement

question 169

Multiple Choice

A corporation reported the following information in its income statement: $$\begin{array} { | l | l | } \hline \text { Sales revenue (none on credit) } & \$ 60,000 \\\hline \text { Cost of goods sold (paid in cash) } & 40,000 \\\hline \text { Gross margin on sales } & 20,000 \\\hline \text { Depreciation expense } & ( 2,000 ) \\\hline \text { Amortiz ation expense } & ( 1,000 ) \\\hline \text { Wage expense (paid in cash) } & ( 2,500 ) \\\hline \text { Income betore taxes } & 14,500 \\\hline \text { Income taxes } ( 20 \% ) \text { (paid in cash) } & ( 2,900 ) \\\hline \text { Net income } & \$ 11,600 \\\hline\end{array}$$ The corporation should report the following amount on its Statement of Cash Flows for net cash from operating activities:

• A) $11,600.
• B) $13,600.
• C) $14,600.
• D) $17,100.

Grasp social cognitive perspectives on personality and behavior, including the notion of reciprocal determinism.

Understand the basic concepts of behaviorist theory in explaining personality development and behavioral changes.

Comprehend the psychodynamic perspective on how early childhood experiences and unconscious forces shape adult personality.

Explain Alfred Adler's contributions to personality psychology, including the concepts of inferiority complex and compensation.

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Definitions:

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Operating

Refers to the activities and processes carried out by a company in its day-to-day business to generate income, excluding investing and financing activities.

Nonoperating

Items on a financial statement that are unrelated to the core operations of the business, such as investment income or losses.

Financial Activities

Transactions related to the financing of a company, including issuing debt, repaying debt, equity financing, and paying dividends.