Business, 21.03.2020 10:01, gilcarrillo146
On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a $2,500 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $180,000 of service on the account. The company collected $210,100 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account.
Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is .
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On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a...
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