Kingbird Company's accounts receivable arising from sales to customers amounted to $80000 and $70000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $306000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$306000.

$296000.

$316000.

$376000.

Answer rating: 100% (QA)

Griven Account receivable at the beginning 00000 Arcount receivable at the ending ... View the full answer