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Nickolas's Nut Farms, Incorporated has net cash flows from operating activities for the last year of $ 2 5 million. The income statement shows that

Nickolas's Nut Farms, Incorporated has net cash flows from operating activities for the last year of $25 million. The income statement shows that net income is $15 million and depreciation expense is $6 million. During the year, the change in inventory on the balance sheet was a decrease of $4 million, change in accrued wages and taxes was a decrease of $1 million and change in accounts payable was a decrease of $1 million. At the beginning of the year the balance of accounts receivable was $5 million. What was the end of year balance for accounts receivable?
Multiple Choice
$2 million
$3 million
$7 million
$9 million
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