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A company provides services on account during the current year totaling $420,000. By the end of the year, $310,000 of this amount had been received.
A company provides services on account during the current year totaling $420,000. By the end of the year, $310,000 of this amount had been received. In addition, $90,000 was received on account from customers for services provided in the prior year. Determine the amount of operating cash flows the company will report as received from customers in the current year.
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