Accounts Receivable from Sales Transactions Were $51,000 at the Beginning

question 159

Multiple Choice

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is

• A) $105,000
• B) $118,000
• C) $92,000
• D) $169,000

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Definitions:

Left Femur

The thigh bone on the left side of the body, which is the longest and strongest bone in the human skeleton.

Vertebra

One of the small bones that make up the vertebral column (spine), providing structural support and protecting the spinal cord.

Crushed

An injury or condition resulting from extreme pressure or force applied to an object, part of the body, or material, often leading to significant damage or compression.

Avulsion

Avulsion is an injury in which a body structure is forcibly detached from its normal point of insertion by either trauma or surgery.