At the Beginning of 2015,Baldwin Corporation Bought an Automobile for $36,000

question 83

Multiple Choice

At the beginning of 2015,Baldwin Corporation bought an automobile for $36,000 by issuing a note payable.The automobile has a six-year life and is depreciated using the straight-line method.To determine net cash flow from operating activities for 2015 using the indirect method,net income should be:

• A)Increased by $6,000.
• B)Decreased by $6,000.
• C)Increased by $42,000.
• D)Neither increased nor decreased.No adjustments are necessary since no cash was received or paiD.$36,000/6 = $6,000

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Definitions:

Psychoanalysis

A therapeutic approach and theory of personality developed by Sigmund Freud that emphasizes unconscious motives and conflicts as the determinants of human behavior.

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person, including concepts like free will, self-efficacy, and self-actualization.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Emotional Components

The aspects of emotions, including physiological arousal, expressive behaviors, and subjective feelings, that together constitute emotional experiences.