Business, 19.10.2021 01:00 YoVeoAnime
On January 1, Year 2, Grande Company had a $62,600 balance in the Accounts Receivable account and a $1,100 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande recognized $148,000 of service revenue earned on account. The company collected $154,500 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 $62,600 balance in the Accounts Receivable account and a...
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