Accounts receivable from sales transactions were $46,072 at the beginning of the year and $66,763 at the end of the year. Net income reported on the income statement for the year was $109,113. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $109,113 b. $88,422 c. $20,691 d. $129,804

Accounts receivable from sales transactions were $46,072 at the beginning of the vear and $66,763 at the end of the year, Net income reported on the income statement for the year was $109,113. Exdusive of the effect of other adjustments, the net cash fows from operating activities to be reported on the statement of cash fiows prepared by the indirect method is a. sin,113 14. 88,422 c. 520,091 d 512.504