Avatar Company Uses the Direct Method to Prepare Its Statement

question 35

Multiple Choice

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following information reported for the year 2014:
$$\begin{array}{l}\begin{array} { l r } \text { - Sales revenue: } & \$ 240,000 \\\text { - Interest revenue: } & \$ 1,000 \\\text { - Accounts receivable beginning balance: } & \$ 35,000 \\\text { Accounts receivable ending balance: } & \$ 31,000\end{array}\\\text { There were no amounts reported for Interest receivable }\end{array}$$
In the operating activity section of the statement of cash flows, what amount would be shown for total cash receipts?

• A) $244,000
• B) $237,000
• C) $245,000
• D) $235,000

Discuss the significance of genetic engineering in solving environmental problems and improving species’ survivability.

Understand the features and significance of weather patterns and phenomena.

Grasp the concepts of global circulation patterns and their determinants.

Identify and explain the process and effects of ocean currents on climate.

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Definitions:

Oligodendrocytes

Glial cells in the central nervous system that produce the myelin sheath around neuronal axons, facilitating electrical conduction.

Myelin Sheaths

Insulating layers around nerves made of lipid and protein, enhancing the speed of electrical signal transmission.

Astrocytes

Star-shaped glial cells in the brain and spinal cord involved in physical support, maintenance of the blood-brain barrier, and nutrient and ion regulation.

Microglia

Specialized type of glial cells in the brain and spinal cord that act as the main form of active immune defense in the central nervous system.