Avatar Company Uses the Direct Method to Prepare Its Statement

question 66

Multiple Choice

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following information reported for the year 2014: In the operating activity section of the statement of cash flows, what amount would be shown for total cash receipts?

• A)$244,000
• B)$237,000
• C)$245,000
• D)$235,000