transaction analysis Accounts receivable arising from trade transactions amounted to $62,000 and $78,000 at the beginning and end of the year, respectively Net income reported on the income statement for the year was $125,000. 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 are Setect one: a.$140,000 O b.S109,000. O C.$141,000. X Incorrect O d. $125,000. Including all relevant data a reader needs to understand the financial condition and performance of a business refers to which concept? Select one a. Adequate disclosure concept Correct b, Objectivity concept