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Required Information (The following information applies to the questions displayed below.) On January 1, Year 2 Grande Company had a $19,000 balance in the Accounts
Required Information (The following information applies to the questions displayed below.) On January 1, Year 2 Grande Company had a $19,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $74,000 of service on account. The company collected $70,500 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 $69,090 355,380 $74,000 $70,500 Required Information [The following information applies to the questions displayed below.) On January 1. Year 2 Grande Company had a $19,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $74,000 of service on account. The company collected $70,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $6,000 O $1410 $380 $1,480
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