Orebic Department Store Had Net Income of $642,000 for the Year

question 1

Multiple Choice

Orebic Department Store had net income of $642,000 for the year just ended. Orebic collected the following additional information to prepare its statement of cash flows for the year:
Orebic uses the indirect method to prepare its statement of cash flows. What is Orebic's net cash provided (used) by operating activities?

• A) $518,000
• B) $588,000
• C) $838,000
• D) $870,000

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Definitions:

Low-Density Lipoprotein

Often referred to as 'bad' cholesterol, it transports cholesterol particles throughout the body which can build up in the arteries leading to heart disease.

Aorta

The main trunk of the arterial system of the body.

Left Ventricle

The chamber of the heart that pumps oxygenated blood to the aorta and throughout the body.

Heart Failure

A chronic condition where the heart is unable to pump sufficiently to maintain blood flow to meet the body's needs.