Accounts Receivable Resulting from Sales to Customers Amounted to $40,000

question 100

Multiple Choice

Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is

• A) $120,000
• B) $129,000
• C) $151,000
• D) $111,000

---

Definitions:

Collectivistic

Describing cultures or societies that prioritize the group over the individual, often emphasizing community, cooperation, and interdependence.

Self-Esteem

An individual's subjective evaluation of their own worthiness and value.

Prestigious Groups

Social groups that possess high status and are highly regarded in society or specific contexts.

Collectivistic Group Culture

A social culture emphasizing group goals, interdependence, and the prioritization of the group over the individual.