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 $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
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 21E
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6094171c-bdfa-43e3-a2ef-cb4feb9fb0da%2F2c81362c-455c-484d-b9fe-c5bba26594c7%2Fhnqcjwp_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
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