Accounts Receivable Arising from Sales to Customers Amounted to $35,000

question 123

Multiple Choice

Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $223,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)$223,000.
• B)$228,000.
• C)$258,000.
• D)$218,000.

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Definitions:

Cognitive Processes

The mental actions or operations involved in acquiring, processing, and storing knowledge, including perception, memory, and reasoning.

Orderly Sequence

A systematic arrangement of elements or events following a specific order, ensuring a logically structured progression from one stage to the next.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, where infants learn about the world through their movements and sensory experiences.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, where infants learn through interacting with their environment using their senses and motor skills.