Assuming Net Income for the Year Is $115,000,what Is the Net

question 34

Multiple Choice

Assuming Net Income for the year is $115,000,what is the net operating cash flows given the following information: $$\begin{array} { | l | r | } \hline \text { Increase in Salaries Payable } & \$ 16,000 \\\hline \text { Depreciation Expense } & \$ 6,000 \\\hline \text { Increase in Prepaid Rent } & \$ 24,000 \\\hline \text { Loss on sale of asset } & \$ 1,000 \\\hline \text { Increase in Accounts Payable } & \$ 25,000 \\\hline \text { Increase in Inventory } & \$ 50,000 \\\hline\end{array}$$

• A)$112,000.
• B)$88,000.
• C)$118,000.

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Definitions:

Kame

A geological feature that consists of an irregularly shaped hill or mound composed of sand, gravel, and till, deposited by a melting glacier.

Stratified

Layers of rock, sediment, or other materials that have been laid down successively on top of one another, each layer typically differing in composition or character.

Glacier

A glacier is a large, slow-moving mass of ice, formed from compacted layers of snow, that moves under its own weight.

Sorted

In geological terms, this refers to the process by which particles are separated and deposited according to size and weight by natural agents like water or wind.