Deluxe Hotels Reported Revenues of $570,000 for the Year Ended

Multiple Choice

Deluxe Hotels reported revenues of $570,000 for the year ended December 31, 2019. Accounts receivable at December 31, 2018 and 2019 were $67,000 and $47,000. If Deluxe uses the direct method of reporting operating cash flows, the company would report cash collected from customers of ________.

A) $570,000
B) $590,000
C) $503,000
D) $550,000