Moore Corporation reported net income of $210,000 for the current year ended June 30.Accounts receivable had a beginning balance of $35,000 and an ending balance of $39,000.Accounts payable had a beginning balance of $29,000 and an ending balance of $32,000.Assuming that this is all of the relevant information,Moore's cash flows from operating activities are ________.
A)$203,000
B)$209,000
C)$211,000
D)$217,000

Question

Quizplus · Accepted Answer

To calculate the cash flows from operating activities using the indirect method, we start with net income and then adjust for changes in current assets and liabilities. 
- Starting with net income of $210,000 
- Add increase in accounts receivable: $39,000 - $35,000 = $4,000 
- Subtract increase in accounts payable: $32,000 - $29,000 = -$3,000 
- Cash flows from operating activities: $210,000 + $4,000 - $3,000 = $211,000 
Therefore, the correct answer is B.

Moore Corporation Reported Net Income of $210,000 for the Current