[The Following Information Applies to the Questions Displayed Below

question 34

Multiple Choice

[The following information applies to the questions displayed below.]

On January 1, Year 2 Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $104,000 of service on account. The company collected $97,000 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account.


-What is the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows?

• A)$97,000
• B)$104,000
• C)$89,520
• D)$95,060

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Insomnia

Insomnia is a sleep disorder characterized by difficulty falling or staying asleep.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Competence

The ability or skill to do something successfully or efficiently, often achieved through learning and practice.

Self-Esteem

An individual's sense of their own value and worth, or the degree to which they respect and feel confident about themselves.