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Accounts receivable arising from sales to customers amounted to $40,000 and $35,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, what is the cash flows from operating activities to be reported on the statement of cash flows ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M980496

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