Scranton, Inc. reports net income of $232,000 for the year ended December 31. It also reports $88,600 depreciation expense and a $5,100 gain on the sale of equipment. Its comparative balance sheet reveals a $35,900 decrease in accounts receivable, a $15,950 increase in accounts payable, and a $12,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

Cash flow form operating activities  $359,800

Explanation:

                                                                       $

Net income                                                   232,000

Add depreciation expense                        88,600

Add Decrease in receivable                          35,900

Increase in account payable                          15,950

Decrease in wages                                        ( 12,650)

Cash flow form operating activities             359,800

Increase in payable and decrease in receivable represent cash inflow while decrease in payable and increase in receivables represent cash outflow

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.