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The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: (a) If sales for the current year were and accounts receivable increased by during the year, what was the amount of cash received from customers?
(b) If income tax expense for the current year was and income tax payable decreased by during the year, what was the amount of cash payments for income tax?
Presidential Delegates
Selections made by a political party or candidate to represent them at their party's national convention, instrumental in choosing the party's presidential nominee.
Dockworker
An individual employed at a port or harbor to load, unload, secure, and transfer goods or materials between ships and dockside storage areas.
Plantation Owner
An individual who owns a large farm or estate, traditionally employing laborers to grow cash crops.
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