Accounts Receivable Arising from Sales to Customers Amounted to $35,000

question 50

Multiple Choice

Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively.Net income reported on the statement of income for the year was $120,000.Ignoring the effect of any other adjustments, the cash flow provided (used) by operating activities, prepared using the indirect method, is

• A)$120,000.
• B)$125,000.
• C)$155,000.
• D)$115,000.

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Definitions:

Electrocardiogram

An assessment procedure that records the heart's electrical signals to diagnose different heart diseases.

ECG

Electrocardiogram (ECG) is a medical test that records the electrical activity of the heart over a period of time.

Laboratory Studies

The examination and analysis conducted in a lab setting, often involving controlled tests and experiments to investigate scientific questions.

Lab

Short for laboratory, it is a controlled setting designed for scientific experiments, research, or testing.