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What saratoga report cash inflows from operating activities

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Reference no: EM132911175

Problem 1: Saratoga Company reports sales of $200,000 and interest revenue of $17,000 for the current year. During the year, accounts receivable increased by $21,000 and interest receivable decreased by $3,000. Under the direct method, Saratoga would report cash inflows from operating activities of:

a. $235,000
b. $241,000
c. $199,000
d. $193,000

Reference no: EM132911175

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