Parmesan Company Uses the Direct Method for Its Statement of Cash

question 17

Multiple Choice

Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year 2013: From the income statement:
On the statement of cash flows, what amount will be shown for collections from customers?

• A)$237,000
• B)$243,000
• C)$240,000
• D)$50,000

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Definitions:

Alveoli

Tiny air sacs within the lungs where the exchange of oxygen and carbon dioxide takes place.

Gas Exchange

The biological process through which organisms exchange oxygen and carbon dioxide with their environment, vital for respiration.

Glottis

The part of the larynx consisting of the vocal cords and the slit-like opening between them, crucial for producing vocal sounds.

Vocal Cords

Bands of tissue in the larynx that vibrate to produce sound when air is expelled from the lungs.