Operating activities Net income $10,200 Depreciation expense 3,750 Accounts receivable 1,100 Inventory (2,050 ) Accounts payable 1,000 Cash flow from operations $14,000 Income Statement Sales $99,000 Cost of goods sold 55,500 Depreciation expense 3,750 Other operating expenses 22,800 Income taxes expense 6,750 Net income $10,200 How much cash was paid for inventory in the operating activities section of the statement of cash flow using the direct method

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.