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Need help, Will upvote, thank you! 1. 2. Kingbird Company's accounts receivable arising from sales to customers amounted to $80000 and $70000 at the beginning
Need help, Will upvote, thank you!
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Kingbird Company's accounts receivable arising from sales to customers amounted to $80000 and $70000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $306000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is $306000. O $296000. O $316000. O $376000. Blossom Company reported a net loss of $17700 for the year ended December 31, 2022. During the year, accounts receivable decreased $8850, inventory increased $14160, accounts payable increased by $17700, and depreciation expense of $10620 was recorded. During 2022, operating activities O provided net cash of $12390. used net cash of $12390. O used net cash of $5310. O provided net cash of $5310Step by Step Solution
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