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-Use the Information Provided Above to Calculate the Company's:
A

question 2

Essay

 Sales revenue $909,272 Amortization expense $3,206 Cost of goods sold 445,563 Selling. general and administrative 91,316 expenses  Interest expense 12,402 Income tax expense 143,126 Accounts receivable 12/31/06 65,305 Accounts receivable 12/31/0767,810 Accounts payable 12/31/06 16,540 Accounts payable 12/31/0717,261 Prepaid expenses 12/31/06 4,107 Prepaid expenses 12/31/07 3,875 Inventory 12/31/067,852 Inventory 12/31/076,491\begin{array}{lrlr}\text { Sales revenue } & \$ 909,272 & \text { Amortization expense } & \$ 3,206 \\\text { Cost of goods sold } & 445,563 & \text { Selling. general and administrative } & 91,316\\&&\text { expenses }\\\text { Interest expense } & 12,402 & \text { Income tax expense } & 143,126 \\\text { Accounts receivable 12/31/06 } & 65,305 & \text { Accounts receivable } 12 / 31 / 07 & 67,810 \\\text { Accounts payable 12/31/06 } & 16,540 & \text { Accounts payable } 12 / 31 / 07 & 17,261\\\text { Prepaid expenses 12/31/06 } & 4,107 & \text { Prepaid expenses 12/31/07 } & 3,875 \\\text { Inventory } 12 / 31 / 06 & 7,852 & \text { Inventory } 12 / 31 / 07 & 6,491\end{array}
-Use the information provided above to calculate the company's:
a.net income for 2007.
b.net cash flow from operating activities in 2007 using the indirect method.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and other learning techniques.

Maladaptive Behavior

Actions or behaviors that are counterproductive to the individual's well-being or social functioning.

Psychoanalytic Theory

A conceptual framework created by Sigmund Freud that outlines the structure of personality and the process of personality development, serving as the foundation for psychoanalysis.

Resistance

A client’s unconscious defense strategies that prevent the person from gaining insight into their psychological problems.

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