The Balance in Accounts Receivable at the Beginning of the Year

question 106

Multiple Choice

The balance in Accounts Receivable at the beginning of the year amounted to $3,040. During the year, $9,880 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $1,980, and uncollectible accounts expense amounted to $840, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement?

• A)$10,100
• B)$9,880
• C)$12,920
• D)$10,940

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Definitions:

Investments

Things that people contribute to a relationship that they can’t get back if the relationship ends.

Exchanges

Interactions or transactions between two or more parties, often involving the trading of goods, services, or communications.

Homosexual Women

Women who are sexually and/or romantically attracted to other women, also known as lesbians.

Lesbians

Women who are romantically and sexually attracted to other women.