Trade Receivables Arising from Sales to Customers Amounted to $35,000

question 88

Multiple Choice

Trade receivables arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year,respectively.Profit reported on the income statement for the year was $120,000.Exclusive of the effect of other adjustments,the cash flows from operating activities,prepared using the indirect method,is

• A)$120,000.
• B)$155,000.
• C)$115,000.
• D)$125,000.

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Definitions:

Tolerance

The ability or willingness to tolerate something, in particular the existence of opinions or behavior that one does not necessarily agree with.

Cravings

Intense desires or urges for a specific substance, object, or experience, often associated with addiction or emotional need.

Elated Mood

A state of heightened, joyful emotion, often characterized by feelings of extreme happiness and well-being.

Reduction

The process of simplifying or decreasing something in size, amount, or extent.