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8) Flowingcash Co reported for the year 20x5 sales $400,000 and cost cost of goods sold $298,000. The following account balances were reported on Flowingcash
8) Flowingcash Co reported for the year 20x5 sales $400,000 and cost cost of goods sold $298,000. The following account balances were reported on Flowingcash Co's balance sheets: 20x4 20x5 Accounts Receivable $725,000 $750.000 Accounts Payable $470,000 $450,000 Merchandise Inventory $20,000 $20,000 How much will be reported on the statement of cash flows of 20x5 for cash receipts from customers and cash payments to suppliers? Cash receipts from customers Cash payments to suppliers A $425,000 $375,000 B $425,000 $318,000 C $375,000 $375,000 D $375,000 $318,000
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