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. S142,551 Oc. $113,785 Od. $128,168

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
Transcribed Image Text: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
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