Allison Co

question 6

Multiple Choice

Allison Co.uses the direct method to determine its cash flow from operations.During the year,it had sales revenue of $300,000.Its beginning Accounts Receivable balance was $30,000,and its ending Accounts Receivable balance was $40,000.Its cash collected from customers for the year was:

• A) $300,000.
• B) $290,000.
• C) $310,000.
• D) $370,000.