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

question 30

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. Net 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:

Structured Eating Plan

A carefully planned diet, designed to facilitate healthy eating habits, often used for weight management or specific nutritional requirements.

Neutral Language

Communication that avoids biases, judgments, or assumptions, promoting inclusivity and objectivity.

Saturated Fat

A type of fat found in animal products and certain oils that is solid at room temperature and can contribute to heart disease if consumed in excess.

Dairy Products

Food products made from milk, including but not limited to cheese, yogurt, butter, and cream, known for their nutritional content such as calcium and vitamin D.