Question: BACK NEXT Multiple Choice Question 74 The net income reported on the income statement for the current year was $222000. Depreciation recorded on plant assets

BACK NEXT Multiple Choice Question 74 The net income reported on the income statement for the current year was $222000. Depreciation recorded on plant assets was $34900. Accounts receivable and inventories increased by $2200 and $8500, respectively. Prepaid expenses and accounts payable decreased by $2000 and $11800 respectively. How much cash was provided by operating activities? $201700 $256900 $236400 $222000 BACK NEXT Multiple Choice Question 74 The net income reported on the

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.