Adjusting Cash Flows for Changes in Accounts Receivable Marshall Inc. had beginning balances (January 1)...
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Adjusting Cash Flows for Changes in Accounts Receivable Marshall Inc. had beginning balances (January 1) of $200,000 and $5,000 for accounts receivable and the allowance for doubtful accounts, respectively. During the year, the company had the following transactions. Note: Indicate a subtraction in the Operating activities section with a negative sign in the Amount column. a. Determine the ending balance (December 31 ) in accounts receivable and the allowance for doubtful accounts. b. Determine the adjustment to net income in the operating activities section in the statement of cash flows assuming the indirect method is used
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