Accounts Receivable Arising from Sales to Customers Amounted to $80,000

question 85

Multiple Choice

Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respectively.Net income reported on the income statement for the year was $150,000.Exclusive of the effect of other adjustments, the cash inflows from operating activities to be reported on the statement of cash flows are:

• A) $259,000.
• B) $120,000.
• C) $200,000.
• D) $165,000.

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Definitions:

Russian Revolution

A period of political and social revolution across the territory of the Russian Empire, which led to the downfall of the Tsarist autocracy and led to the establishment of the Soviet Union.

Vladimir Lenin

Vladimir Lenin was a Russian revolutionary leader and political theorist who led the Bolshevik Party to power in the October Revolution of 1917, becoming the founding head of the Soviet State.

Kornilov Affair

A failed coup attempt in 1917 by General Lavr Kornilov, aimed at establishing a military dictatorship in Russia during the turbulent period following the February Revolution.

Bolshevik Influence

The effect or impact of the Bolshevik party's ideologies and policies, particularly in relation to the Russian Revolution and the early Soviet Union.