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The following items were reported on the statement of financial positions and income statement for Online.com: Accounts Receivable, 30 June 2017250,000 Accounts Receivable, 30 June
The following items were reported on the statement of financial positions and income statement for Online.com:
Accounts Receivable, 30 June 2017250,000
Accounts Receivable, 30 June 2018 225,000
Sales for Financial Year ended 30 June 20181,000,000
What amount would be reported in the operating activities section of Online.corn's statement of cash flows for collections from customers under the direct method, assuming that all sales are on credit?
d. $1,250,000
b. $1,025,000
C. $1,225,000
a.$975,000
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