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:

Information Overload

The state of being overwhelmed by the vast amount of available information, impeding understanding and decision-making.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values at the same time.

Displays

Gestures that are used like nonverbal punctuation marks, such as pounding your fist on the table.

Facial Expressions

The movements or positions of the face that convey emotions, intentions, or reactions, serving as a powerful form of nonverbal communication.