Multiple Choice
Bracken,Inc.uses the direct method to determine its cash flow from operations.During the year,it had sales revenue of $480,000.Its beginning Accounts Receivable balance was $48,000,and its ending Accounts Receivable balance was $64,000.Its cash collected from customers for the year was:
A) $480,000.
B) $464,000.
C) $496,000.
D) $592,000.
Correct Answer:
Verified
Correct Answer:
Verified
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