Question
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
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?
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
