Arundel Company disclosed the following information for its recent calendar year. Income Statement Data
Selected Year-End Balance Sheet Data
Revenues $85,000
Accounts receivable decrease$26,000
Expenses
Purchased a machine for cash 19,000
Salaries expense 72,000
Salaries payable increase 26,000
Utilities expense 29,000
Other accrued liabilities decrease 16,000
Depreciation expense 32,000
Other expenses 7,100
Net loss $(55,100)
Required:
Prepare the operating activities section of the statement of cash flows using the indirect method.

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

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