Accounts receivable arising from trade transactions amounted to $44,000 and $53,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $105,000. 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 is: a. $105,000 b. $114,000 c. $96,000 d. $158,000

Accounts receivable arising from trade transactions amounted to $44,000 and $53,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $105,000. 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 is: a. $105,000 b. $114,000 c. $96,000 d. $158,000

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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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: a. $109,000 b. $141,000 c. $125,000 d. $140,000
Accounts receivable from sales transactions were $49,971 at the beginning of the year and $66,757 at the end of the year. Net income reported on the income statement for the year was $129,867. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $113,081 b. $129,867 c. $16,786 d. $146,653
Accounts receivable from sales transactions were $45,634 at the beginning of the year and $60,027 at the end of the year. Net income reported on the income statement for the year was $126,710. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be a. $126,710 b. $112,317 c. $14,393 d. $141,103
Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. 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 is a. $92,000 b. $118,000 c. $105,000 d. $169,000
Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446 at the end of the year. Net income reported on the income statement for the year was $135,923. 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 is )a. $19,279 Ob. $135,923 Oc. $155,202 Od. $116,644
Accounts receivable from sales transactions were $45,331 at the beginning of the year and $66,395 at the end of the year. Net income reported on the income statement for the year was $118,325. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be Oa. $21,064 Ob. $118,325 Oc. $97,261 Od. $139,389
Accounts receivable from sales transactions were $49,174 at the beginning of the year and $63,557 at the end of the year. Net income reported on the income statement for the year was $128,168. 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 is Oa. $14,383 Ob. $142,551 Oc. $113,785 Od. $128,168
Accounts receivable from sales transactions were $45,582 at the beginning of the year and $68,677 at the end of the year. Net income reported on the income statement for the year was $142,695. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be a.$23,095 b.$119,600 c.$165,790 d.$142,695
2. Accounts receivable arising from trade transactions amounted to $62,000 and $78,000at the beginning and end of the year, respectively. Net income reported on the incomestatement for the year was $125,000. Exclusive of the effect of other adjustments, thecash flows from operating activities to be reported on the statement of cash flowsprepared by the indirect method are:a. $109,000b. $141,000c. $125,000d. $140,000
Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. 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. $110,000 b. $150,000 c. $118,000 d. $102,000
Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. 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. $111,000 b. $151,000 c. $129,000 d. $120,000
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