Ocean Auto Parts Company Uses the Direct Method to Prepare

question 129

Multiple Choice

Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2017:
1.Sales Revenue,$516,000
2.Accounts Receivable,beginning balance,$97,000
3.Accounts Receivable,ending balance,$63,000
Compute the collections from customers.

• A)$550,000
• B)$453,000
• C)$160,000
• D)$356,000

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Definitions:

Epiglottis

Structure that covers the glottis, the air-tract opening, during the process of swallowing.

Bronchioles

The small passages in the lungs that lead from the bronchi to the alveoli, involved in the process of breathing.

Saliva

A clear liquid secreted by the salivary glands in the mouth, containing enzymes that aid in the digestion of carbohydrates and serve as a lubricant for food.

Diaphragm Muscle

A large, dome-shaped muscle located at the base of the lungs and chest cavity that plays a key role in breathing.