River Co. began the accounting period with a $132,000 debit balance in its Accounts Receivable account. During

Question:

River Co. began the accounting period with a $132,000 debit balance in its account. During the accounting period, River Co. earned revenue on account of $180,000. The ending balance was $116,000.
Required
Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...