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On December 31, 2018, Wellstone Company reported net income of $76,000 and sales of $216,000. The company also reported beginning and ending accounts receivable at
On December 31, 2018, Wellstone Company reported net income of $76,000 and sales of $216,000. The company also reported beginning and ending accounts receivable at $15,000 and $30,000, respectively. Wellstone will report cash collected from customers in its 2018 statement of cash flows (direct method) in the amount of:
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