Mid-Town Auto Parts Company Uses the Direct Method to Prepare

Multiple Choice

Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2019: 1.Sales Revenue,$520,000
2) Accounts Receivable,beginning balance,$99,000
3) Accounts Receivable,ending balance,$62,000
Compute the collections from customers.

A) $557,000
B) $458,000
C) $161,000
D) $359,000