Question
Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its beginning Accounts
Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its beginning Accounts Receivable balance was $48,000, and its ending Accounts Receivable balance was $64,000. Its cash collected from customers for the year was:
Multiple Choice
$480,000.
$464,000.
$496,000.
$592,000.
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Advanced Management Accounting Pearson New International
Authors: Robert Steven Kaplan, Anthony A. Atkinson
3rd Edition
1292026596, 978-1292026596
