The Income Statement for CBA Reported a Net Loss of $14,000

question 146

Multiple Choice

The income statement for CBA reported a net loss of $14,000. Also, the statement reported depreciation expense of $12,000 and amortization of patents of $6,000. Assuming no additional "adjustments to reconcile net income to cash from operating activities," the cash flow from operations would be a:

• A) $4,000 inflow.
• B) $6,000 inflow.
• C) $16,000 inflow.
• D) $30,000 inflow.
• E) ($4,000) outflow.

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Definitions:

Attitudes

Enduring sets of beliefs or feelings about people, objects, or ideas that predispose individuals to respond in certain ways.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, characterized by the belief that one's actions have no effect on outcomes.

Learned Optimism

The concept that one can develop a more positive outlook through cognitive behavioral techniques, as proposed by psychologist Martin Seligman.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.