Statement of Cash Flows Nickolas's Nut Farms,Inc

question 89

Multiple Choice

Statement of Cash Flows Nickolas's Nut Farms,Inc.has net cash flows from operating activities for the last year of $25 million.The income statement shows that net income is $15 million and depreciation expense is $6 million.During the year,the change in inventory on the balance sheet was a decrease of $4 million,change in accrued wages and taxes was a decrease of $1 million and change in accounts payable was a decrease of $1 million.At the beginning of the year the balance of accounts receivable was $5 million.What was the end of year balance for accounts receivable?

• A)$2 million
• B)$3 million
• C)$7 million
• D)$9 million

---

Definitions:

Own Hands

A phrase indicating something done personally or directly by an individual, without intermediaries.

Atonement Suicide

The act of taking one's own life with the belief that it will serve as compensation for one's mistakes or wrongdoings.

Gas Poisoning

The adverse effects on one's health caused by inhaling toxic gases, leading to symptoms or death depending on the gas and exposure level.

Wrist Cutting

The act of intentionally inflicting cuts or incisions on one's own wrists, often associated with self-harm or suicide attempts.