In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$52,000 Accounts payable decreased by 18,000 Accounts receivable increased by 25,000 Inventories increased by 5,000 Cash dividends paid 14,000 Depreciation expense 20,000 Net cash provided by operating activities was:
A. $120,000.
B. $110,000.
C. $71,000.
D. $24,000.
E. $70,000.
Answer: D
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You can switch between Design view and Datasheet view by clicking the
A) Queries object tab B) Switch command on the View menu C) View button and then clicking a view option D) Run button
Which of the following statements is true of the behavior of total variable costs, within the relevant range?
A) They will decrease as production increases. B) They will remain the same as production levels change. C) They will decrease as production decreases. D) They will increase as production decreases.
Use the information from Table 5.3. What is the upper control limit (UCL) if the bank were to use z = 2 and a sample size of 100?
A) less than or equal to 0.02 B) greater than 0.02 but less than or equal to 0.04 C) greater than 0.04 but less than or equal to 0.06 D) greater than 0.06
Because different types of assets depreciate at different rates, and because they are purchased at various points in time businesses keep a(n) ________ to track the valuation of each asset that is being depreciated.
A. income statement B. balance sheet C. depreciation schedule D. cash flow statement