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Question - River Co. began the accounting period with a $72,500 debit balance in its Accounts Receivable account. During the accounting period, River Co. earned revenue on account of $308,400. The ending Accounts Receivable balance was $71,300.

Required - Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.

Accounting Basics, Accounting

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  • Reference No.:- M93080591
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