Kowalczyk Inc

question 39

Multiple Choice

Kowalczyk Inc.'s accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of 2022, respectively.Income reported on the income statement for 2022 was $252,000.Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)$252,000.
• B)$242,000.
• C)$262,000.
• D)$332,000.

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Definitions:

Amygdala

An almond-shaped part of the brain involved in processing emotions, fear responses, and memory of emotional events.

Limbic System

A complex system of nerves and networks in the brain, controlling basic emotions and drives.

Memory

The cognitive function that enables the storage, retention, and retrieval of information over time.

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.