Kendrick Company Began the Current Year with the Following At the End of the Current Year, the Company Showed

question 66

Multiple Choice

Kendrick Company began the current year with the following: During the current year, the following events occurred:
$\begin{array}{cc}1,200 & \text { Accounts written off } \\30,000 & \text { Sales on account } \\2,000 & \text { Bad debt expense recognized }\end{array}$ At the end of the current year, the company showed a balance in gross accounts receivable (before the allowance for doubtful accounts) of $16,800.
What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method?

• A)$21,000
• B)$22,000
• C)$30,000
• D)$28,200

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Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions).

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a preoccupation with orderliness, perfectionism, and control, distinct from obsessive-compulsive disorder (OCD).

Difference

The state or condition of being unlike or dissimilar; variations between entities in any characteristic or aspect.

Conceptualize

The process of forming a concept or idea by combining various elements in the mind.