Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and endof the year, respectively. Income reported on the income statement for the year was $120,000 . Exclusive of theeffect of other adjustments, the net cash flows from operating activities to be reported on the statement of cashflows using the indirect method is
a. $120,000
b. $129,000
c. $151,000
d. $111,000
b
You might also like to view...
What is integrated marketing communication (IMC)? Explain how it differs from more traditional marketing communication approaches
What will be an ideal response?
Which of the following is an activity that would most likely be performed by a customer service representative (CSR)?
A) processing employee paperwork B) delivering supplies to the factory floor C) providing telephone support for installation D) calling on prospects to sell them the product E) reconciling bank statements with accounting records
Newspaper advertisements can attract well-qualified sales job applicants
Indicate whether the statement is true or false
In the inclusive workplace model, there are four expanding circles of inclusion. Which of the following level is NOT included?
a. global level b. national level c. organizational level d. community level