Bennett Company Reported Sales on Its Income Statement Last Year

question 20

Multiple Choice

Bennett Company reported sales on its income statement last year of $345,000.On the company's statement of cash flows,sales adjusted to a cash basis were $337,000.(The company uses the direct method to determine the net cash provided by operating activities. ) Bennett Company reported the following account balances on its comparative balance sheet: Based on this information,the beginning Accounts Receivable balance was:

• A)$12,000
• B)$17,000
• C)$28,000
• D)$14,000

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Definitions:

Professional Culture

The shared values, beliefs, and practices that characterize a professional group, guiding its members' behaviors and interactions.

Authority

The power or right to give orders, make decisions, and enforce obedience, often within a specific context or organization.

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The professional and ethical conduct healthcare providers adhere to when interacting with patients, focusing on respect, communication, and compassion.