Accounts Receivable Arising from Sales to Customers Amounted to $35,000

question 43

Multiple Choice

Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively.Profit reported on the income statement for the year was $120,000.Ignoring the effect of any other adjustments, the cash flow provided (used) by operating activities, prepared using the indirect method, is

• A)$120,000.
• B)$125,000.
• C)$155,000.
• D)$115,000.

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Definitions:

Damaging "No"

A refusal or rejection that may cause harm, negative consequences, or impair relationships.

Direct Approach

A method of communication that is straightforward and to the point, without unnecessary details or digressions.

Routine Business Matters

Common or regular tasks, procedures, and decisions needed to operate a business effectively on a daily basis.

Positive Close

Concluding a communication on an optimistic note to leave a favorable impression or encourage a desired action.