At the End of the First Year of Operations,Meacham's Balance

question 25

Multiple Choice

At the end of the first year of operations,Meacham's balance sheet showed the following account balances: Accounts Receivable,$13,400;Inventory,$9,400;and Accounts Payable,$14,650.The company's income statement reports net income of $37,400,including depreciation expense of $10,400.Using only the given information,compute Meacham's net cash flow from operating activities using the indirect method.

• A)$65,250
• B)$39,650
• C)$24,350
• D)$26,650

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Definitions:

Transverse Colon

The middle part of the large intestine, passing across the abdomen from right to left below the stomach.

Descending Colon

The part of the large intestine that descends from the splenic flexure to the sigmoid colon, involved in water and electrolyte absorption.

Hypopharynx

The lower part of the pharynx (throat) that lies just above the esophagus and larynx, important in the process of swallowing.

Tube-Like Structure

A hollow, cylindrical organ or formation in an organism that allows for the passage of substances.