Accounts Receivable Arising from Sales to Customers Amounted to $80,000

question 104

Multiple Choice

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $252,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)$252,000.
• B)$242,000.
• C)$262,000.
• D)$332,000.

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Definitions:

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Pertaining to a political and economic ideology aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

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