Accounts Receivable from Sales Transactions Were $51,000 at the Beginning

question 159

Multiple Choice

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is

• A) $105,000
• B) $118,000
• C) $92,000
• D) $169,000

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Definitions:

Preferred Communication Style

An individual’s favored way of exchanging information and ideas with others, such as through verbal, written, visual, or nonverbal means.

Active Voice

A grammatical voice where the subject of the sentence performs the action expressed by the verb.

Intimacy

Refers to a close, familiar, and usually affectionate or loving personal relationship with another person or group.

Tone

The attitude or approach that the speaker or writer takes towards the subject, reflected in their choice of words or style.