Accounts Receivable Arising from Sales to Customers Amounted to ¥350,000

question 36

Multiple Choice

Accounts receivable arising from sales to customers amounted to ¥350,000 and ¥400,000 at the beginning and end of the year, respectively.Income reported on the income statement for the year was ¥1,500,000.Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)¥1,500,000.
• B)¥1,550,000.
• C)¥1,850,000.
• D)¥1,450,000.

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Definitions:

Agency Relationship

An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.

Terminated

Terminated means bringing something to an end or conclusion, often referring to the cessation of employment or the conclusion of agreements.

Publication

The act of making information or content available to the public, typically through printed or digital media.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.