Multiple Choice
Trade receivables arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year,respectively.Profit reported on the income statement for the year was $120,000.Exclusive of the effect of other adjustments,the cash flows from operating activities,prepared using the indirect method,is
A) $120,000.
B) $155,000.
C) $115,000.
D) $125,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q83: McIntire Company reported profit of $40,000 which
Q84: ABC Company reported total sales revenue of
Q85: In order to prepare the statement of
Q86: Which of the following transactions is not
Q87: The financial statements of Juliet Company show
Q89: The statement of cash flows (indirect method)reports
Q90: The 20B income statement of Dunn Company
Q91: Depreciation expense has the immediate effect of
Q92: The category that is generally considered to
Q93: In 2012,C Co.reported a quality of earnings