Question
Tropical Tours reported revenue of $401,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $36,100 and $31,000,
Tropical Tours reported revenue of $401,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $36,100 and $31,000, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of:
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Auditing IT Infrastructures For Compliance
Authors: Martin Weiss, Michael G. Solomon
2nd Edition
1284090701, 978-1284090703
