Fina's Faucets, Inc

question 43

Multiple Choice

Fina's Faucets, Inc. has net cash flows from operating activities for the last year of $17 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 an increase of $4 million, change in accrued wages and taxes was an increase of $1 million and change in accounts payable was an increase 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:

Dull Pressure

A physical sensation often described in medical contexts as a consistent, moderate intensity force or weight felt in a particular area of the body.

Nociception

The sensory nervous system’s response to potentially harmful stimuli, leading to the perception of pain.

Phantom Limb Pain

The sensation of pain or discomfort in a limb or part of the body that has been amputated.

Causalgia

A persistent, severe burning pain that usually follows an injury to a nerve, characterized by sensitivity to touch and temperature changes.