Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accounts receivable arising from sales to customer

Accounts receivable arising from sales to customers amounted to $100,000 and $85,000 at the beginning...

70.2K

Verified Solution

Question

Accounting

Accounts receivable arising from sales to customers amounted to $100,000 and $85,000 at the beginning and end of the year, respectively. Accounts payable to trade vendors amounted to $70,000 and $95,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $245,000. Based on these transactions, which of the following would be the cash flows from operating activities to be reported on the statement of cash flows? $355,000 $285,000 $240,000 $155,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Use the first derivative test to determine the location of each local extremum and the value...

Chemistry
1.2K views

A mixture of carbon and sulfur has a mass of 9.0 g. Complete combustion with excess...

Chemistry
1.2K views

A major organic acid in this juice is malic acid, a dicarboxylic acid with molecular weight...

Biology
1.2K views

You are given 5mL of 3mg/mL protein solution. You are asked to prepare samples for SDS-PAGE...

Medical Sciences
1.2K views

1. The surface of the heart has three layers of membranes to anchor the heart in...

Accounting
1.2K views

Why did the practice of consolidated reporting arise in the United States earlier than in France?

Biology
1.2K views

What is the morphology (shape) of your unknown sample?O sarcinaeO spirocheateO bacilliO cocci

Physics
1.2K views

A load of 2 kg produces an extension of 1 mm im a wire of...

Algebra
1.2K views

The 4th term of h 2 10 is 2 Use before exponents x would be...

Algebra
1.2K views

True or False?f'(a)=lim:h?0f(a+h)-f(a)hf'(x)=lim f(x+h)-f(x)hh?0gives the derivative at a single point x = a andgives the...

Algebra
1.2K views

10 5 0 5 10 5 10 b Find the horizontal asymptote Enter None if...

Accounting
1.2K views

Please help me answer these multiple choice questions: 1) Buker Corporation bases...