The Ending Balance of Accounts Receivable Was $69,000

question 75

Multiple Choice

The ending balance of accounts receivable was $69,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $354,000. Sales reported on the income statement were $378,000. Based on this information, the beginning balance in accounts receivable was:

• A) $93,000
• B) $24,000
• C) $94,000
• D) $45,000

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"I"

An aspect of the self that is conscious, subjective, and a reflective representation of one's own identity.

"Me"

A term used in sociology and psychology to refer to the social self or the part of an individual's personality composed of self-awareness and self-image.

Personal Sense

An individual's awareness and insight into their own identity, feelings, and thoughts.

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The quality of being genuine or true to one's own personality, spirit, or character, often considered vital in personal development and psychological well-being.