Sweetson Enterprises' Comparative Balance Sheets Included Accounts Receivable of $220,300

question 139

Multiple Choice

Sweetson Enterprises' comparative balance sheets included accounts receivable of $220,300 at December 31, 2016, and $200,900 at December 31, 2017.Sales reported on Sweetson's 2017 income statement amounted to $2,350,000.What is the amount of cash collections that Sweetson will report in the Operating Activities category of its 2017 statement of cash flows assuming that the direct method is used? ​

• A) $2,369,400
• B) $2,350,000
• C) $2,771,200
• D) $2,330,600

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Definitions:

Late Adolescence

The final phase of adolescence, typically ranging from ages 17 to 19, characterized by significant physical, emotional, and cognitive developments.

Protracted Immaturity

A prolongation of the development phase, where individuals delay adopting the roles or responsibilities typically associated with adulthood.

Openness Increase

Refers to the growth or expansion in one's willingness to experience new activities, ideas, or unconventional values.

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