Question
Question Content Area Sales for the year were $518,588. Accounts receivable were $92,381 and $76,587 at the beginning and end of the year, respectively. Cash
Question Content Area
Sales for the year were $518,588. Accounts receivable were $92,381 and $76,587 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is
a. $518,588
b. $610,969
c. $550,176
d. $534,382
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
