Thomas Ltd Uses the Direct Method to Prepare Its Cash

question 14

Multiple Choice

Thomas Ltd uses the direct method to prepare its cash flow statement.Refer to the following information reported for the year 2016: Sales revenue,$41,000
Interest revenue,$700
Accounts receivable,beginning balance,$13,500
Accounts receivable,ending balance,$26,000
There were no amounts reported for Interest receivable.
In the operating activities section of the cash flow statement,what amount will be shown for total cash receipts?

• A)$13,500
• B)$54,500
• C)$29,200
• D)$26,000

Differentiate between various types of ethical approaches including utilitarianism, deontology, and rights-based theories.

Understand the mechanisms for ensuring ethical accountability and liability in organizations.

Evaluate ethical considerations in the use and dissemination of information.

Comprehend ethical issues related to fairness and the common good within societal and organizational contexts.

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Definitions:

Reaction

A process in which one or more substances are changed into one or more different substances through the reorganization of atomic bonds.

Equilibrium Constant

A numerical value that represents the ratio of concentration of products to reactants at equilibrium in a reversible chemical reaction, under standard conditions.

Stability Constant

A quantitative measure of the stability of a complex in solution, typically represented in terms of the equilibrium constant for its formation.

Association Constant

A quantitative measure of the strength of the interaction between two molecules in a complex.