s I help Question 3 (of 22 a Phi Beta 3 2.00 points On Janusry 1,2016 Grande Com

Question

s I help Question 3 (of 22 a Phi Beta 3 2.00 points On Janusry 1,2016 Grande Company had a $16,000 balance in the Accounts Recelvable account and a zero balance in the Allowance for Grande provided $104,000 of service on account. The company collected $97,000 cash from accounts r receivable. Uncollectible accounts are estimated to be 2% of sales on account Based on this information, the amount of cash flow from operating activities that would eppear on the 2016 statement of cash flows is O $97000 O $104,000 $89,520 $95,060 References

Explanation / Answer

In statement of cash flow cash flow from operating activity describes all cash inflows and cash outflows related to operation of bussiness..

so in this question cash collection from customer $97000 will be shown in cash flow from operating activities

so answer is a) $97000

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