Fall Corporation uses the indirect method to depict cash flows and follows the accrual method for recording income. The January 1, 2013 the balance of accounts receivable was $50,000. The accounts receivable balance at December 31, 2013 was $40,000. Income reported on the income statement for the calendar year 2013 was $250,000. Exclusive of the effect of any other adjustments, the cash flows from operating activities to reported on the Statement of Cash Flows is: A) $260,000 B) $240,000 C) $210,000 D) $160,000

An extraordinary item on the income statement: A) Is infrequent in occurrence. B) Is shown net of taxes in a separate section of the income statement. C) Unusual in nature. D) E) A)and C) only All of the above.