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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Definitions:

Service Of Process

The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party, court, or administrative body.

Docket

An official court record listing all the cases to be heard, including details such as the case number, names of the parties involved, and the type of case.

E-filing

The process of submitting documents to a court or government agency electronically.

Complaint

A formal legal document submitted to a court by the plaintiff that outlines the basis for a lawsuit against the defendant.