In its 2016 annual report, Poppie, Inc. reported Accounts Receivable of $1,453 million at the end of

Question:

In its 2016 annual report, Poppie, Inc. reported of $1,453 million at the end of 2015 and $1,056 million at the end of 2016. Sales revenue for 2016 was $13,287 million.
Required
Using the direct method, what amount would Poppie, Inc. report for cash received from customers on its statement of cash flows for 2016?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...