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The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:
(a)If sales for the current year were $695,000 and accounts receivable decreased by $43,500 during the year, what was the amount of cash received from customers?
(b)If income tax expense for the current year was $56,000 and income tax payable decreased by $5,200 during the year, what was the amount of cash payments for income tax?
Systematic Desensitization
A behavioral therapy technique used to help individuals gradually overcome phobias and anxiety through controlled exposure to the fear stimulus while in a relaxed state.
Role Playing
A method or technique used in teaching and therapy that involves assuming a role and acting it out in a realistic scenario for learning or behavioral modification.
Dream Interpretation
A practice that involves analyzing the content of dreams to uncover hidden meanings or insights, often linked with psychological theories.
Transference
A phenomenon in psychoanalysis where patients project feelings about important people in their past onto their therapists.
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