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Question
accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $120,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
a.$120,000
b.$125,000
c.$155,000
d.$115,000
Answer
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