Assume That New Life Uses the Direct Method of Computing

question 30

Multiple Choice

Assume that New Life uses the direct method of computing cash flows from operating activities.Based on the preceding information,what amount will be reported by the company as cash received from customers during the year?

• A)$815,000
• B)$785,000
• C)$800,000
• D)$835,000

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Definitions:

Rubber Soles

The bottom part of a shoe or boot made from rubber material, designed to provide traction and durability.

Pre-albumin

A blood protein that serves as a marker for nutritional status and is used to assess the risk and presence of malnutrition.

Albumin

A protein found in blood plasma that plays a key role in maintaining the oncotic pressure of blood and transporting substances throughout the body.