Multiple Choice
Sales for the year were $600,000. Accounts receivable were $100,000 and $80,000 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) $700,000
B) $600,000
C) $580,000
D) $620,000
Correct Answer:
Verified
Correct Answer:
Verified
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