The Following Information Is from ABC,Inc

question 102

Multiple Choice

The following information is from ABC,Inc.'s December 31,2011 annual report: Note: ABC,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash collected from customers on ABC,Inc.'s statement of cash flows equals ________.

• A)$800,000
• B)$802,000
• C)$798,000
• D)$810,000

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