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

Identify and understand different types of corporate actions like stock splits and dividends.

Know the rights and obligations associated with purchasing stocks, including voting and dividends.

Understand stock purchase mechanics, including buying on margin and commissions.

Grasp the concept of investment strategies such as dollar-cost averaging.

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Definitions:

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Community Endeavors

Collective efforts undertaken by members of a community to achieve a common goal.

Traditional Entrepreneurs

Individuals who start businesses based on traditional models, focusing on creating and selling products or services in conventional markets.

Social Problems

Challenges within society that affect a significant number of people and require collective action to address.