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Determine amount that emma will report as cash collections

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Question - Emma's balance sheet showed an accounts receivable balance of $75 000 at the beginning of the year and $97 000 at the end of the year. Emma reported sales of $1 150 000 on her income statement.

Required - Using the direct method, determine the amount that Emma will report as cash collections in the operating activities section of the statement of cash flows.

Reference no: EM131624222

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