Accounts Receivable Arising from Sales to Customers Amounted to $45,000

question 66

Multiple Choice

Accounts receivable arising from sales to customers amounted to $45,000 and $50,000 at the beginning and end of the year, respectively.Income reported on the income statement for the year was $160,000.Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)$160,000.
• B)$165,000.
• C)$205,000.
• D)$155,000.

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Definitions:

Gibbons

A group of primates known for their ability to brachiate and their distinctive whooping calls. They are smaller than great apes and live in the forests of Southeast Asia.

Spider Monkeys

A type of New World monkey known for its long limbs and tail, which it uses for brachiation through the forest canopy.

Common Ancestor

The most recent individual from which all organisms in a group directly descend.

Inhabited

Occupied by residents, referring to a place where living organisms, including humans, live and grow.