Parks Company Reported an Increase of $370,000 in Its Accounts

question 146

Multiple Choice

Parks Company reported an increase of $370,000 in its accounts receivable during the year 2017.The company's statement of cash flows for 2017 using the direct method reported $1 million of cash received from customers.What amount of net sales must Parks have recorded in 2017?

• A)$370,000
• B)$1,000,000
• C)$1,370,000
• D)$630,000

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Definitions:

Indirect Institutional Discrimination

When individuals are treated differently based on an unlawful criterion (physical disability, cultural origin, age, gender, religion), even though these actions were never intended to be discriminatory.

Discriminatory Policies

Practices or directives that result in unfair treatment of individuals or groups based on specific characteristics, such as race, age, or gender.

White Canadians

Individuals residing in Canada who identify as being of European descent or identify primarily with white cultural characteristics.

Democratic Racism

A system that advocates equality but in fact perpetuates minority differentiation and oppression.