Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446 at the end of the year. Net income reported on the income statement for the year was $135,923. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $19,279 b. $135,923 c. $155,202 )d. $116,644

Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446 at the end of the year. Net income reported on the income statement for the year was $135,923. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $19,279 b. $135,923 c. $155,202 )d. $116,644

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Description: Accounts receivable from sales transactions were $46,167 at the beginning of the year and $65,446at the end of the year. Net income reported on the income statement for the year was $135,923.Exclusive of the effect of other adjustments, the cash flo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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