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On January 1, Year 2, Bread Pitt Company had a $76,000 balance in the Accounts Receivable account and a $4,000 balance in the Allowance for
On January 1, Year 2, Bread Pitt Company had a $76,000 balance in the Accounts Receivable account and a $4,000 balance in the Allowance for Doubtful Accounts account. During Year 2, Bread Pitt recognized $215,000 of service revenue earned on account. The company collected $271,100 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account. Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is
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