Multiple Choice
Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is
A) $120,000
B) $129,000
C) $151,000
D) $111,000
Correct Answer:
Verified
Correct Answer:
Verified
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