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Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $240,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____.

a) $240,000

b) $250,000

c) $310,000

d) $230,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941850

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