New Street Corporation had accounts receivable of $110,000 at the beginning of the year and $125,000 at the end of the year. Sales on account for the year amounted to $575,000. The amount to be reported on the statement of cash flows under the operating activities is:
A) $575,000.
B) $15,000.
C) $560,000.
D) $465,000.

Question

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The Answer of New Street Corporation had accounts receivable of $110,000 at the beginning of the year and $125,000 at the end of the year. Sales on account for the year amounted to $575,000. The amount to be reported on the statement of cash flows under the operating activities is:
A) $575,000.
B) $15,000.
C) $560,000.
D) $465,000.

New Street Corporation Had Accounts Receivable of $110,000 at the Beginning