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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 under the indirect method to be reported on the statement of cash flows is
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Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning...
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