What is the amount of cash received

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Question - The following financial data was obtained from Tile Corp's most recent fiscal year-end.

Net sales 320000000

Issuance of preferred stock 5000000

Decrease in accounts payable 11000000

Increase in accounts receivables 60000000

Increase in unearned revenue 7000000

Increase in inventories 19000000

Sale of trade securities 2000000

Required - What is the amount of cash received under the direct method used in the operating cash flow calculations?

Reference no: EM132966898

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