How Does Accounts Receivable Affect the Statement of Cash Flows

question 75

Multiple Choice

How does accounts receivable affect the statement of cash flows for 2012?

• A)a use of $4,218 of cash as an investment activity
• B)a source of $807 of cash as an operating activity
• C)a use of $4,218 of cash as a financing activity
• D)a source of $807 of cash as an investment activity
• E)a use of $807 of cash as an operating activity

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Definitions:

Status Quo

The existing state of affairs at a particular time, especially concerning social or political issues.

Public Assistance

Government programs designed to provide financial aid to individuals or families in need, often targeting the poor, elderly, disabled, and unemployed.

New Deal

An assortment of programs, infrastructure projects, economic reforms, and policies put into action by President Franklin D. Roosevelt in the 1930s in the United States, designed to facilitate recovery from the Great Depression.

Discriminatory Eligibility

Criteria or policies that unfairly exclude certain individuals or groups from qualifying for services, rights, or positions based on prejudiced distinctions.