The Ending Balance of Accounts Receivable Was $52,500

question 15

Multiple Choice

The ending balance of accounts receivable was $52,500. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $425,000. Sales reported on the income statement were $444,000. Based on this information, the beginning balance in accounts receivable was:

• A) $33,500
• B) $66,500
• C) $71,500
• D) $39,500

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Definitions:

Stress

The physiological and psychological reaction to perceived threats or challenges, leading to a state of tension or strain.

Object Relations Theorists

Psychologists who focus on the study of human relationships and the impact of early relationship experiences on psychological development.

Psychodynamic

A psychological perspective focusing on the interplay between unconscious and conscious forces driving human behavior.

Prefrontal Cortex

The anterior part of the frontal lobes of the brain, involved in complex behaviors including planning, decision making, and moderating social behavior.