Avatar Company Uses the Direct Method to Prepare Its Statement

question 81

Multiple Choice

Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales Revenue, $515,000
2) Accounts Receivable, beginning balance, $92,000
"3) Accounts Receivable, ending balance, $57,000
In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers?"

• A)$550,000
• B)$458,000
• C)$149,000
• D)$366,000

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Definitions:

Child Abuse

Physical, sexual, emotional mistreatment, or neglect of a child by a caregiver or responsible person.

Disciplining Children

refers to the methods and strategies used by parents or caregivers to teach children right from wrong, establish rules, and instill moral values.

Alcohol and Drugs

Substances that can alter mood and behavior, often used recreationally, and can lead to dependency or abuse with significant social and health impacts.

Violence

The use of physical force with the intent to harm, damage, or kill.