The Change in Each of Kendall Corporation's Balance Sheet Accounts

question 19

Multiple Choice

The change in each of Kendall Corporation's balance sheet accounts last year follows: Kendall Corporation's income statement for the year was: There were no sales or retirements of property,plant,and equipment and no dividends paid during the year.The company pays no income taxes and it did not purchase any long-term investments,issue any bonds payable,or repurchase any of its own common stock.The net cash provided by operating activities on the statement of cash flows is determined using the direct method. Using the direct method,sales adjusted to a cash basis would be:

• A)$300,000
• B)$302,000
• C)$298,000
• D)$305,000

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Definitions:

Modern Management Approaches

Contemporary strategies and methods utilized in organizing, planning, leading, and controlling organizations to address dynamic market conditions and workforce expectations.

Self-actualising Adults

Individuals who have realized and fulfilled their potential and capabilities, often associated with reaching a high level of personal development and satisfaction.

Management Strategies

Actions and plans developed by leaders to achieve specific organizational goals.

Linear Programming

A mathematical method used to determine a way to achieve the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.