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Question
The beginning and ending balances of Accounts Receivable for the year are $40,000 and $32,000, respectively. Income reported on the income statement for the year is $110,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is
a. $118,000
b. $110,000
c. $102,000
d. $150,000
Answer
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