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Accounts receivable from sales transaction were 51000 at the beginning of the year and 64000 at the end of the year. Net income reportrf on the income statement for the year was 105000. Exclusive of the effect of other adjustments the cash flows from operating activities to be on the statement of cash flows prepared by the indirect method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968209

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