Net income was $51,000 for the year. The accumulated depreciation balance increased by $14,000 over theyear. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirectmethod, the cash flow from operations is $37,000

a. True
b. False

Indicate whether the statement is true or false

False

Business

You might also like to view...

Which one of the following is a false statement regarding the nature of the impact of the administrative office management function on employees?

A. It provides employees with more challenging positions. B. It helps employees increase their productivity. C. It helps employees maximize their efficiency. D. It provides employees with the information they need, when they need it, and in the format they need.

Business

Which of the following is an advantage of face-to-face meetings??

A) They provide direct human contact.? B) ?They allow companies to reduce travel budget. C) ?They restrict dominance by high-status members. D) ?They minimize the environmental impact caused by travel.

Business