Accounts Receivable Arising from Sales to Customers Amounted to $86000

question 62

Multiple Choice

Accounts receivable arising from sales to customers amounted to $86000 and $77000 at the beginning and end of the year respectively. Income reported on the income statement for the year was $290000. Exclusive of the effect of other adjustments the cash flows from operating activities to be reported on the statement of cash flows is

• A) $290000.
• B) $299000.
• C) $213000.
• D) $280000.

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Definitions:

Charismatic

Possessing a compelling charm or appeal that inspires devotion or admiration in others.

Traditional

Adhering to or denoting ways of doing things that are passed down from generation to generation, often resistant to change.

Power Elite

A small group of powerful individuals who hold significant wealth, political influence, and authority in society, often shaping policy and decision-making.

Pluralist

A belief or theory that political power in a society does not lie with the ruling elite but is distributed among multiple power bases.