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On December 31, 2018, Tiras Company reported net income of $50,000 and sales of $200,000. The company also reported beginning and ending accounts receivable at
On December 31, 2018, Tiras Company reported net income of $50,000 and sales of $200,000. The company also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Tiras will report cash collected from customers in its 2018 statement of cash flows (indirect method) in the amount of:
$0
$245,000
$205,000
$195,000
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