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Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales
Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales Revenue, $515,000 2) Accounts Receivable, beginning balance, $92,000 3) Accounts Receivable, ending balance, $57,000 In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers? A) $366,000 B) $149,000 C) $458,000 D) $550,000
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