Accounts Receivable Arising from Sales to Customers Amounted to $62,000

question 72

Multiple Choice

Accounts receivable arising from sales to customers amounted to $62,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $215,000. Exclusive of the effect of other adjustments, the cash inflows from operating activities to be reported on the statement of cash flows are

• A) $213,000.
• B) $215,000.
• C) $193,000.
• D) $237,000.

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Definitions:

Axis II

A classification dimension previously used in the DSM (Diagnostic and Statistical Manual of Mental Disorders) for personality disorders and intellectual disabilities.

Personality Disorders

A group of mental health disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from cultural norms.

Mental Retardation

An outdated and insensitive term formerly used to describe a condition characterized by below-average intellectual function and a lack of skills necessary for daily living; now referred to as intellectual disability.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a guideline for diagnosing mental disorders used in the United States.