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Question
accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $360,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
a.$360,000
b.$375,000
c.$465,000
d.$345,000
Answer
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