The Following Information Was Taken from the 2014 Financial Statements

question 9

Multiple Choice

The following information was taken from the 2014 financial statements of Glocken Corporation:

No accounts receivable were written off or recovered during the year.If Glocken prepares a statement of cash flows using the direct method,what amount should be reported as collected from customers in 2014?

• A)$2,239,000
• B)$2,234,000
• C)$2,146,000
• D)$2,141,000

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Definitions:

Mental Abilities

Cognitive functions and processes related to the mind, such as perception, memory, logic, and problem-solving skills.

Rorschach Inkblot Test

A projective psychological test consisting of ten inkblots presented to the participant, used to analyze personality structure and identify emotional disorders.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and emotions.

Academic Achievement

Refers to the level of schooling you have successfully completed and the ability to attain success in your studies.