Statement of Cash Flows Zoe's Dog Biscuits,Inc.has net cash flows from operating activities for the last year of $226 million.The income statement shows that net income is $150 million and depreciation expense is $85 million.During the year,the change in inventory on the balance sheet was an increase of $14 million,change in accrued wages and taxes was an increase of $15 million and change in accounts payable was an increase of $10 million.At the beginning of the year the balance of accounts receivable was $45 million.What was the end of year balance for accounts receivable?
A)$20 million
B)$25 million
C)$45 million
D)$65 million

Question

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The Answer of Statement of Cash Flows Zoe's Dog Biscuits,Inc.has net cash flows from operating activities for the last year of $226 million.The income statement shows that net income is $150 million and depreciation expense is $85 million.During the year,the change in inventory on the balance sheet was an increase of $14 million,change in accrued wages and taxes was an increase of $15 million and change in accounts payable was an increase of $10 million.At the beginning of the year the balance of accounts receivable was $45 million.What was the end of year balance for accounts receivable?
A)$20 million
B)$25 million
C)$45 million
D)$65 million