Nickolas's Nut Farms, Inc

question 61

Multiple Choice

Nickolas's Nut Farms, Inc. has net cash flows from operating activities for the last year of $25 million. The income statement shows that net income is $15 million and depreciation expense is $6 million. During the year, the change in inventory on the balance sheet was a decrease of $4 million, change in accrued wages and taxes was a decrease of $1 million and change in accounts payable was a decrease of $1 million. At the beginning of the year the balance of accounts receivable was $5 million. What was the end of year balance for accounts receivable?

• A) $2 million
• B) $3 million
• C) $7 million
• D) $9 million

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Definitions:

Visually Guided Reaching

The coordination of eye and hand movements to reach for and grasp objects based on visual cues.

Voluntary Control

Voluntary control refers to the ability to consciously control movements, thoughts, or actions, as opposed to automatic or reflexive responses.

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Children who have lost both parents through death or have been abandoned by their parents.

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The process involving the growth and maturation of the brain, including changes in size, complexity, and functionality.