Accounts Receivable Amounted to $215,000 at the Beginning of the Year

question 110

Multiple Choice

Accounts Receivable amounted to $215,000 at the beginning of the year and $245,000 at the end of the year.Income reported on the income statement for the year was $300,000.The cash flow from operating activities on the cash flow statement using the indirect method is:

• A)$300,000.
• B)$330,000.
• C)$270,000.
• D)None of these answers are correct.

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Definitions:

Stranger Anxiety

A form of distress that young children experience when exposed to unfamiliar people, typically observed between 6 to 12 months of age.

Temerament

An individual's usual mood or behavioral tendencies, often considered as an innate aspect of one's personality.

Impulsive

characterized by the tendency to act on sudden urges or desires without considering the consequences.

Adaptive Capacity

Refers to the ability of a system, organization, or individual to adjust to changes, recover from disruptions, and continue to function.