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XDM Inc. is preparing the statement of cash flows for December 31, 20x2 and is usin the direct method. The following is a list of
XDM Inc. is preparing the statement of cash flows for
December 31, 20x2 and is usin the direct method. The
following is a list of cash inflows for the period:
$10,000 cash from merchandise sales
$25,000 cash form rental sales
$5,000 received on sale of machinery
Additionally, account receivable increased by $2,000.
What amount should be shown as cash inflows from
operating activities?
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