Accounts Receivable from Sales Transactions Were $51,000 at the Beginning

question 78

Multiple Choice

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be

• A) $105,000
• B) $118,000
• C) $92,000
• D) $169,000

---

Definitions:

Ford Motor Company

An American multinational automaker known for producing cars and commercial vehicles.

Japanese Approach

Denotes a methodology or style that is characteristic of Japanese management and production techniques, often focusing on efficiency, consensus, and continuous improvement.

Quality

Quality refers to the degree to which a set of inherent characteristics fulfill requirements, ensuring products or services meet customer expectations.

Quality Management

The act of overseeing all activities and tasks needed to maintain a desired level of excellence.