The Comparative Balance Sheets of Apollo Rocket,Inc

question 163

Multiple Choice

The comparative balance sheets of Apollo Rocket,Inc.show a net increase in inventory of $79,000 and a net decrease in accounts payable of $42,000 during 2018.In computing net cash flow from operating activities under the indirect method,net income for 2018 should be:

• A)Increased by $37,000.
• B)Reduced by $37,000.
• C)Increased by $121,000.
• D)Reduced by $121,000.

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Definitions:

Carbohydrate Molecules

Organic compounds made up of carbon, hydrogen, and oxygen atoms, serving as a major source of energy for most organisms.

Nutrient

Substances in food that provide energy or contribute to cell structure and function.

Lipid Soluble

Refers to substances that are capable of dissolving in lipids or fats, which can easily pass through cell membranes.

Facilitated Transport

A process of passive movement of molecules or ions across a biological membrane via specific transmembrane integral proteins.