Nickolas's Nut Farms, Inc

question 61

Multiple Choice

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:

Sanctioned

Given authoritative approval or permission; also can mean subjected to a penalty for wrongdoing.

Third Party's Expertise

The specialized knowledge or skill possessed by an external individual or entity, which can influence or contribute to a situation or negotiation.

Procedural Nature

Describes the characteristic of being based on or adhering to established procedures or methods.

Process Consultants

Professionals who assist organizations or groups in understanding and improving their internal processes, especially concerning decision-making and problem-solving.