The Following Items Were Reported on the Balance Sheets and Income

question 185

Multiple Choice

The following items were reported on the balance sheets and income statement for Carlton Co.: $\begin{array}{lr}\text { Accounts receivable, December } 31,2016 & \$ 185,000 \\\text { Accounts receivable, December } 31,2017 & 178,000 \\\text { Sales-2017 } & 850,000\end{array}$ What amount would be reported in the operating activities section of the statement of cash flows for collections from customers under the direct method assuming that all sales are on credit?

• A) $850,000
• B) $857,000
• C) $843,000
• D) Cannot be determined without further information.

---

Definitions:

Impression Management

People’s use of various strategies to get other people to view them in a positive light.

Interview Analysis

A method of data analysis in qualitative research where responses from interviews are systematically examined to draw conclusions or understand trends.

Eye-Contact

The act of looking directly into another person's eyes, which can convey various messages or emotions depending on the context.

Empty Plate

Often symbolizes hunger or poverty, but in the context of discussions, it can represent opportunities or starting from scratch.