Accounts Receivable Resulting from Sales to Customers Amounted to $40,000

question 100

Multiple Choice

Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is

• A) $120,000
• B) $129,000
• C) $151,000
• D) $111,000

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Definitions:

Child-care Center

a facility that provides supervision and care for children, often encompassing educational and recreational activities to support their development.

Organized Child-care

Structured caregiving environments, such as daycare centers, that provide supervision and activities for children in a group setting.

Supervised

Monitored or directed by an authoritative figure or system to ensure correct practices or adherence to rules.

Interactive Media

Digital media that allows active participation or interaction from the user, as seen in video games, online platforms, and some educational software.