Deluxe Hotels Reported Revenues of $560,000 for the Year Ended

Multiple Choice

Deluxe Hotels reported revenues of $560,000 for the year ended December 31,2017.Accounts receivable at December 31,2016 and 2017 were $65,000 and $52,000.If Deluxe uses the direct method of reporting operating cash flows,the company would report cash collected from customers of ________.

A) $560,000
B) $573,000
C) $495,000
D) $547,000