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    Accounting Understanding and Practice
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    Exam 6: Cash Flow Statements: Understanding and Preparation
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    If the Opening Balance on Accounts Receivable Was £35,000 with a Closing
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If the Opening Balance on Accounts Receivable Was £35,000 with a Closing

Question 20

Question 20

Multiple Choice

If the opening balance on accounts receivable was £35,000 with a closing balance of £15,000 and the income statement reported revenue of £180,000,what is the cash collected from customers?


A) £195,000
B) £200,000
C) £20,000
D) £145,000

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