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Accounts receivable amounts to $215,000 for the beginning of the year and
$245,000 for the end of the year. Income reported on the income statement for
the year is $300,000. How much is the cash flow from operating activities on the
cash flow statement using the indirect method?

Respuesta :

thahmead

Answer:

2,70,000

Explanation:

Net Income 3,00,000

Adjustment to reconcile Net Income to Cash flow from Operating activities :

Increase in Accounts Receivable ($245000 - $ 215000) -30,000

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Net Cash flow from Operating Activities 2,70,000

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