Calculate the cash flows from operating activities


Solve the below problem:

Q: Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows

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Accounting Basics: Calculate the cash flows from operating activities
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