The Following Information Is from X,Inc

question 243

Multiple Choice

The following information is from X,Inc.'s December 31,2011 annual report: Note: X,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash collected from customers on X,Inc.'s statement of cash flows equals ________.

• A)$90,000
• B)$98,000
• C)$88,000
• D)$92,000

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Definitions:

Noble Gases

A group of chemical elements with very low reactivity, including helium, neon, argon, krypton, xenon, and radon.

Periodic Table

A tabular arrangement of chemical elements, organized on the basis of their atomic numbers, electron configurations, and recurring chemical properties.

Rock-forming Minerals

Minerals that make up a significant part of the Earth’s crust, playing a key role in the formation of rocks.

Argonites

A misspelling or incorrect term for aragonite, which is a carbonate mineral, one of the two most common, naturally occurring, crystal forms of calcium carbonate, CaCO3 (the other being calcite).