Revenue on Account Amounted to $9,000

question 156

Multiple Choice

Revenue on account amounted to $9,000. Cash collections of accounts receivable amounted to $8,100. Cash paid for expenses was $7,500. The amount of employee salaries accrued at the end of the year was $900. What is the net cash flow from operating activities for the year?

• A) $900
• B) $600
• C) $1,500
• D) $8,700

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Definitions:

Hydrochloric Acid

A digestive juice found in the stomach.

Stomach

An organ in the digestive system that breaks down food using acids and enzymes, preparing it for further digestion.

Acid Base

Refers to the concepts and processes related to acidic and basic properties of substances, crucial in chemical reactions, biology, and medicine for maintaining physiological pH balance.

Nitric Acid

a highly corrosive mineral acid used in the production of fertilizers, explosives, and in various industrial processes.