Bird Brain Co

question 46

Multiple Choice

Bird Brain Co.reported net income of $45,000 for the year ended December 31,2016.January 1 balances in accounts receivable and accounts payable were $23,000 and $26,000 respectively.Year-end balances in these accounts were $22,000 and $28,000,respectively.Assuming that all relevant information has been presented,Bird Brain's cash flows from operating activities would be:

• A)$48,000.
• B)$44,000.
• C)$46,000.
• D)$45,000.

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Definitions:

Auxiliary Petty Cash Record

A supplementary accounting register used to track small or incidental expenses paid out in cash, aiding the main petty cash system.

Petty Cash Voucher

A petty cash form to be completed when money is taken out of petty cash.

Petty Cash Account

A modest sum of money maintained for covering small or unexpected costs.

Auxiliary Petty Cash Record

A detailed record used alongside the main petty cash fund to track minor business expenditures.