A Company's Income Statement Showed the Following: Net Income,$134,000; Depreciation

question 2

Multiple Choice

A company's income statement showed the following: net income,$134,000; depreciation expense,$30,000; and gain on sale of plant assets,$4,000.An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.

• A)$156,600.
• B)$141,000.
• C)$96,600.
• D)$148,600.
• E)$88,600.

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Definitions:

Exceptions

Instances or occurrences that do not follow a general rule, pattern, or expectation.

Possibilities

Various potential outcomes or scenarios that may happen in the future, often explored in planning and decision-making processes.

Roll With Resistance

A motivational interviewing technique where a practitioner responds to a client's resistance without confronting or opposing it, to facilitate change.

Sidestep Resistance

A technique or strategy used to avoid or reduce opposition or resistance in various contexts, such as therapy or negotiation.