Accounts Receivable Arising from Sales to Customers Amounted to $120,000

question 202

Multiple Choice

Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $407,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A) $407,000.
• B) $422,000.
• C) $512,000.
• D) $392,000.

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Definitions:

Arrows

In logic and mathematics, symbols used to represent logical relations, functions, or the direction of processes.

Numerals

Symbols or group of symbols representing numbers.

Propositions

Statements or expressions in logic that can be clearly evaluated as true or false.

Premises

Premises are statements or propositions that provide the basis for a conclusion in logical reasoning or argumentation.