Solved: Delta co began the accounting period with a 116000 debit, Accounting Basics

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Delta co began the accounting period with a 116000 debit

Delta Co. began the accounting period with a $116,000 debit balance in its Accounts Receivable account. During the accounting period, Delta Co. earned revenue on account of $152,000. The ending Accounts Receivable balance was $108,000.

Required

Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.

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Accounting Basics: Delta co began the accounting period with a 116000 debit

Reference No:- TGS01213179

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Accounting Basics: Delta co began the accounting period with a 116000 debit

Reference No:- TGS01213179

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