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On December 31, 2018, Wellstone Company Reported Net Income of $70,000

Question 97

Multiple Choice

On December 31, 2018, Wellstone Company reported net income of $70,000 and sales of $210,000. The company also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Wellstone will report cash collected from customers in its 2018 statement of cash flows (direct method) in the amount of:


A) $215,000.
B) $285,000.
C) $135,000.
D) $205,000.

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