At the End of the First Year of Operations,the Balance

question 60

Multiple Choice

At the end of the first year of operations,the balance sheet of Midwood Medical Supply showed the following account balances: Accounts Receivable,$5,000;Accounts Payable,$6,000;Inventory,$3,000;and Unexpired Insurance,$2,000.The corporation reported net income of $79,000 for the year,including depreciation expense of $5,000,and uses the indirect method of computing net cash flow from operating activities.Solely on the basis of this information,net cash flow from operating activities is:

• A)$78,000.
• B)$82,000.
• C)$77,000.
• D)$80,000.

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Definitions:

Motor Neurons

Neural cells that make up the route for impulses moving from the brain or spinal cord toward muscles or glands.

Efferent

Referring to nerve fibers that carry impulses away from the central nervous system to effectors, such as muscles or glands.

Afferent

Pertaining to nerve fibers that carry sensory information towards the central nervous system.

Indifferent

Showing no particular interest or sympathy; apathetic or uninvolved emotionally.