Accounts Receivable Amounted to $215,000 at the Beginning of the Year

question 97

Short Answer

Accounts receivable amounted to $215,000 at the beginning of the year and $245,000 at the end of the year. Income reported on the income statement for the year was $300,000. The cash flow from operating activities on the cash flow statement using the indirect method is __________.

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Definitions:

Protected

Kept safe or shielded from harm, damage, or undesirable actions or events.

Equal Pay Act

A U.S. law passed in 1963 aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Exotic Dancer

A performer, typically in adult entertainment venues, who dances and may perform striptease or other erotic dances.