Question

Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Income reported on the income statement for 2022 was $252,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Answer 1

$332,000

Step-by-step explanation:

Cash flow from operating activities

Net Income $252,000

Adjust for changes in working capital items :

Decrease in Accounts Receivable ($80,000 - $70,000 $80,000

Net Cash Provided by Operating Activities $332,000

Conclusion

the cash flows from operating activities to be reported on the statement of cash flows is $332,000