Accounts Receivable Arising from Trade Transactions Amounted to $50,000 and $56,000

question 27

Multiple Choice

Accounts receivable arising from trade transactions amounted to $50,000 and $56,000 at the beginning and end of the year, respectively. 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 are:

• A) $105,000.
• B) $111,000.
• C) $99,000.
• D) $156,000.

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Definitions:

Emotional Responses

The subjective feelings and physiological reactions elicited by stimuli or events.

Classical Conditioning

The procedure of learning that is achieved when an environmental stimulus is associated with one that occurs in nature.

Affective Component

Refers to the emotional aspect of attitudes, encompassing feelings or emotions linked to an attitude object.

Mere Exposure Effect

The phenomenon by which people tend to develop a preference for things merely because they are familiar with them.