Accounts Receivable Arising from Sales to Customers Amounted to ¥800,000

question 171

Multiple Choice

Accounts receivable arising from sales to customers amounted to ¥800,000 and ¥700,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was ¥2,600,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A) ¥2,600,000.
• B) ¥2,700,000.
• C) ¥3,300,000.
• D) ¥2,500,000.

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Definitions:

EEOC

Equal Employment Opportunity Commission, a federal agency enforcing laws against workplace discrimination.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.

Norris-LaGuardia Act

A 1932 U.S. federal law that limited the power of federal courts to issue injunctions in non-violent labor disputes, thereby promoting fair labor practices.

Injunctions

Legal orders issued by a court to prevent an action or to force an action to be taken.