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Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,
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24 votes
Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

User Bhullnatik
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27 votes
27 votes

Answer:

Cash flow from operating activities $472,000

Step-by-step explanation:

The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:

Beginning account receivable $120,000

Add: net income $457,000

less: ending account receivable -$105,000

Cash flow from operating activities $472,000

User Lee Gary
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