Van Aalst Company's Comparative Balance Sheet and Income Statement for Last

question 31

Multiple Choice

Van Aalst Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $77,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows,the sales revenue adjusted to a cash basis would be:

• A)$796,000
• B)$767,000
• C)$790,000
• D)$813,000

---

Definitions:

Telegraphic Speech

A form of communication observed in young children during language development, consisting of simple, two-word long sentences without grammatical markers.

Native Language

A native language is the first language a person learns, usually in childhood, and is often spoken in the home environment.

Babbling

A stage in child language acquisition where the child produces sounds of language without semantic meaning, often a precursor to true speech.

Months

Units of time in calendars that approximate the period required for the moon to orbit the earth, roughly 30 days.