Use the Following to Answer Questions

question 27

Multiple Choice

Use the following to answer questions
On January 1,2016 Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account.During 2016,Grande provided $104,000 of service on account.The company collected $97,000 cash from accounts receivable.Uncollectible accounts are estimated to be 2% of sales on account.
-Based on this information,the amount of cash flow from operating activities that would appear on the 2016 statement of cash flows is:

• A)$97,000.
• B)$104,000.
• C)$89,520.
• D)$95,060.

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