On January 1, Year 2 Grande Company had a $16,000 balance in the Accounts Receivable...
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Accounting
On January 1, Year 2 Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $104,000 of service on account. The company collected $97,000 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account.
What is the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows?
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