SHE Management Corporation Had Accounts Receivable of $105,000 and $120,000

question 25

Multiple Choice

SHE Management Corporation had accounts receivable of $105,000 and $120,000 on January 1,2017,and December 31,2017,respectively.Sales on account in 2017 were $310,000.The amount to be reported on the statement of cash flows under the operating activities is:

• A) ($15,000)
• B) $15,000
• C) $325,000
• D) $295,000

---

Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Snow Storm

A severe weather condition characterized by heavy snowfall and strong winds, significantly reducing visibility and potentially disrupting normal activities.

Shovel

A tool typically used for digging, lifting, and moving bulk materials, such as soil, coal, gravel, snow, sand, or ore.

Demand Curve

A graphical representation that shows the relationship between the quantity of a good that consumers are willing to purchase and its price.