Question

River Co. began the accounting period with a $132,000 debit balance in its Accounts Receivable account. During the accounting period, River Co. earned revenue on account of $180,000. The ending Accounts Receivable balance was $116,000.
Required
Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.


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  • CreatedApril 20, 2015
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