Question

Farris Inc. began the accounting period with a $105,000 debit balance in its Accounts Receivable account. During the accounting period, Farris earned revenue on account of $448,000. The ending Accounts Receivable balance was $86,000.

Required
Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.



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  • CreatedOctober 12, 2013
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