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

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Definitions:

Opposition

The movement that involves bringing the thumb and a finger together.

Reposition

The act or process of placing or arranging something in a different position.

Excursion

The movement of a structure or part away from its resting position, often used in the context of muscle movement or joint mobility.

Extension

The movement by which the two ends of any jointed part are drawn away from each other, increasing the angle between them.