Majorn Auto Parts Store Had Net Income of $81,000 for the Year

question 19

Multiple Choice

Majorn Auto Parts Store had net income of $81,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year: Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities?

• A)$41,000
• B)$(53,000)
• C)$185,000
• D)$279,000

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Definitions:

Fundamental Attribution Error

A cognitive bias that involves overemphasizing personality traits and underestimating situational factors when explaining other people's behavior.

Central Route Persuasion

A method of persuasion that involves deeply processing the content of the message, evaluating the arguments presented and leading to lasting attitude change.

Role Playing

The act of imitating the character and behaviors of someone else, often as a therapeutic or training tool.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.