Accounts Receivable Arising from Sales to Customers Amounted to $40000

question 73

Multiple Choice

Accounts receivable arising from sales to customers amounted to $40000 and $55000 at the beginning and end of the year respectively. Income reported on the income statement for the year was $180000. Exclusive of the effect of other adjustments the cash flows from operating activities to be reported on the statement of cash flows is

• A) $180000.
• B) $195000.
• C) $220000.
• D) $165000.

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