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What is the amount of cash flow from operating activities

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Question - On January 1, Year 2 ABC Company had a $10,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, ABC provided $50,000 of service on account. The company collected $45,000 cash from accounts receivable. Uncollectible accounts are estimated to be 1% 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?

A. $55,000

B. $50,000

C. $45,000

D. $44,550

Reference no: EM133111194

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