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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Q: cash flows from operating activities

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A: Cash Flow Statement (Indirect Method) For the Current Year Cash Flow from Operating Activities…

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A: Option d is correct.

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A: Following is the answer to requisite question

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