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(Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000 (Direct Method) Carton Furniture had Accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers? A. $150,000 B. $62,000 C. $116,000 D. \$ 82,000 Question 10 (Direct Method) Tolson Corp. had operating expenses of $48,000. At the beginning of the year, Tolson owed $10,000 on Accrued liabilities. At year-end, Accrued liabilities were $5,000. How much cash did Tolson pay for operating expenses? A. $38,000 B. $53,000 C. $48,000 D. $43,000