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Thomas Inc. uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014: Sales Revenue, $39,000
Interest Revenue, $500
Accounts Receivable, beginning balance, $13,000
Accounts Receivable, ending balance, $26,000
There were no amounts reported for Interest Receivable.
In the operating activities section of the statement of cash flows, what amount will be shown for total cash receipts?
Factor Analysis
A statistical method used to describe variability among observed variables in terms of a potentially lower number of unobserved variables called factors.
General Intelligence
A theorized cognitive ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one’s environment.
General Intelligence
A theory suggesting that a single factor underlies various cognitive abilities, enabling individuals to perform a range of mental tasks.
Factor Analysis
A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations within a set of observed variables.
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