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QUESTION 6 The following items were reported on the statement of financial positions and statement of comprehensive income for Online.com: Accounts receivable, 30 June 2016
QUESTION 6 The following items were reported on the statement of financial positions and statement of comprehensive income for Online.com: Accounts receivable, 30 June 2016 $455 000 Accounts receivable, 30 June 2017 $225 000 Sales for financial year ended 30 June 2017 $1 700 000 What amount would be reported in the operating activities section of Online.com's statement of cash flows for collections from customers under the direct method, assuming that all sales are on credit? O $1 250 000 O $975 000 O $1 930 000 O $1 725 000
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