Multiple Choice
During the year sales to customers were $300,000.Accounts receivable from customers at the beginning of the year were $50,000 and at the end of the year $25,000.As a result cash inflows from sales to customers totalled?
A) $275,000
B) $300,000
C) $325,000
D) $350,000
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Using the indirect method, the operating activities
Q17: Cash flow from financing activities was?<br>A) $(293,000)<br>B)
Q17: If an entity receives cash from the
Q20: Long-term debt on the balance sheet increased
Q21: If an entity both sells capital assets
Q22: Accounts receivable increased by $100,000 and accounts
Q23: Cash flow from investing activities was?<br>A) $0<br>B)
Q24: Regardless of the basis of accounting used,
Q24: Long-term debt on the balance sheet increased
Q26: A decrease in a liability will be