The Following Items Were Reported on the Balance Sheets and Income

question 171

Multiple Choice

The following items were reported on the balance sheets and income statement for the Flying Mullet Company: $\begin{array}{lr}\text { Accounts receivable, December } 31,2016 & \$ 85,000 \\\text { Accounts receivable, December } 31,2017 & 98,000 \\\text { Sales-2017 } & 750,000\end{array}$ How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under the indirect method?

• A) As an addition to sales
• B) As a deduction from sales
• C) As an addition to net income
• D) As a deduction from net income

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Definitions:

Behaviour Therapy

A type of psychotherapy that aims to change undesirable behavior through conditioning and other learning principles.

Obsessive-Compulsive Disorder

A psychiatric condition defined by persistent, intrusive thoughts (obsessions) coupled with repeated actions (compulsions).

Therapeutic Outcomes

The results or consequences of medical treatments or therapeutic interventions, impacting patient health and well-being.

Atypical Antipsychotic

A class of medication primarily used to treat psychiatric conditions, distinguished from older antipsychotics by their differing side effects and mechanisms of action.