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

question 159

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 is

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

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Definitions:

Role Model

An individual admired for their qualities or achievements and regarded as an example to be imitated.

Emulate

Attempting to match or surpass someone or something by imitation or to replicate their success as a model.

Decision

The act of making a choice among available alternatives, often considered within the context of problem-solving or therapy.

Significant Influence

A substantial impact on or effect in determining the behavior, opinions, or development of someone or something.