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The Following Information Was Taken from the 2011 Financial Statements

Question 45

Multiple Choice

The following information was taken from the 2011 financial statements of Winchester Corporation:
The following information was taken from the 2011 financial statements of Winchester Corporation: No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011? A) $2,239,000 B) $2,234,000 C) $2,146,000 D) $2,141,000
No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011?


A) $2,239,000
B) $2,234,000
C) $2,146,000
D) $2,141,000

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