Accounts Receivable Arising from Sales to Customers Amounted to $86000

question 62

Multiple Choice

Accounts receivable arising from sales to customers amounted to $86000 and $77000 at the beginning and end of the year respectively. Income reported on the income statement for the year was $290000. Exclusive of the effect of other adjustments the cash flows from operating activities to be reported on the statement of cash flows is

• A) $290000.
• B) $299000.
• C) $213000.
• D) $280000.

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Definitions:

Nematocysts

Specialized cells found in cnidarians (e.g., jellyfish) that contain a coiled, venomous thread used for capturing prey and defense.

Tube-shaped

Describing an object or structure that is long, hollow, and cylindrical.

Water Vascular System

A unique hydraulic system used by echinoderms, such as starfish, for locomotion, food and water transportation, and respiration.

Exoskeleton

A rigid external covering for the body in some invertebrate animals, especially arthropods, providing both support and protection.