Question
Accounts receivable from sales transactions were $44,000 at the beginning of the year and $53,000 at the end of the year. Net income reported on
Accounts receivable from sales transactions were $44,000 at the beginning of the year and $53,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is
| a. | $96,000 |
| b. | $105,000 |
| c. | $114,000 |
| d. | $158,000 |
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
10th Edition
9780273681496
