Accounts Receivable Arising from Sales to Customers Amounted to $80,000

question 1

Multiple Choice

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $212,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A) $212,000.
• B) $202,000.
• C) $222,000.
• D) $292,000.