Question
ABC Displays, Inc. reported sales of $212,000 for the year ended December 31, 20x2. The company also reported beginning and ending accounts receivable at $17,000
ABC Displays, Inc. reported sales of $212,000 for the year ended December 31, 20x2. The company also reported beginning and ending accounts receivable at $17,000 and $29,000, respectively. ABC uses the direct method to prepare its statement of cash flows. How much cash collected from customers will ABC show in its 20x2 statement of cash flows?
$241,000.$117,000.$224,000.$200,000.
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Principles Of Auditing
Authors: A. Pandu
1st Edition
8189630822, 978-8189630829
