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On January 1, Year 2 Grande Company had a $25,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful
On January 1, Year 2 Grande Company had a $25,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $86,000 of service on account. The company collected $82,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account What is the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows? Multiple Choice $82,500 $80,850 $86,000 $61,500
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