Accounts Receivable Arising from Trade Transactions Amounted to $62,000 and $78,000

question 55

Multiple Choice

Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respectively.Net income reported on the income statement for the year was $125,000.Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method are:

• A) $109,000.
• B) $141,000.
• C) $125,000.
• D) $140,000.

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Definitions:

Unassertive

Characterized by a lack of self-confidence or forcefulness in asserting one's views, rights, or needs.

Resource Scarcities

Conditions where the availability of resources is limited in comparison to the demands, leading to competition and allocation challenges.

Goal Incompatibilities

Differing objectives that are at odds with one another, making it challenging to achieve them simultaneously.

Horizontal Conflicts

Disagreements or clashes that occur between individuals or groups at the same level within an organization's hierarchy.