Accounts receivable arising from sales to customers amounted to $85,000 and $75,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $285,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is Group of answer choices $285,000. $295,000. $445,000. $275,000.

Respuesta :

Zviko

Answer:

$295,000

Explanation:

Cash flow from Operating Activities

Net Income                                                                         $285,000

Adjustment for change in working capital :

Decrease in Accounts receivable                                        $10,000

Net Cash Provided by Operating Activities                     $295,000