Use the Following Information and the Indirect Method to Calculate

question 122

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

• A)$69,900.
• B)$108,900.
• C)$93,900.
• D)$85,700.
• E)$81,600.

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Definitions:

Tax Revenue

The income gained by the government through the imposition of various taxes, a crucial source for funding public expenditures.

Budget Deficits

The situation when a government's expenditures surpass its revenues within a specific time period.

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Credit Cards

Financial instruments issued by banks allowing cardholders to borrow funds with which to pay for goods and services with the promise to repay the bank within a certain timeframe.