The net income reported on the income statement for the current year is $125,000, Depreciation Expense recorded on plant assets was $15,000, and Loss on the Sale of Investments is $7,000. What is the amount of cash flows from operating activities that would appear on the Statement of Cash Flows?

Question 16 options:

	$147,000
	$125,000
	$128,000
	$140,000

A partnership is said to have _____________ because the partnership is ended any time one of its partners want out, dies, or loses his capacity to enter into contracts.

Question 19 options:

	Mutual Agency
	Unlimited Life
	Pre-Emptive Right
	Limited Life