On january 1 2011 grace company had an 13500 balance in the, Ask an Expert

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On January 1, 2011 Grace Company had an $13,500 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2011, Grace provided $55,500 of service on account. The company collected $48,110 cash from account receivable. Uncollectible accounts are estimated to be 13% of sales on account.Based on this information, the amount of cash flow from operating activities that would appear on the 2011 statement of cash flows is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966483

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