Use the Information Below for Washington Company to Answer the Following

question 45

Multiple Choice

Use the information below for Washington Company to answer the following questions.
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The following selected account balances appeared on the financial statements of Washington Company:
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Washington Company uses the direct method to calculate net cash flow from operating activities.
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-Cash collections from customers were

• A) $56,000
• B) $52,000
• C) $60,000
• D) $45,000

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Definitions:

Observational Learning

A learning process through watching the behaviors of others and then imitating or modeling those behaviors.

Retention

The ability to maintain or keep information in the mind, or the act of preserving something.

Encoding

The initial process of converting information into a form that can be stored in memory.

Consequence

A result or effect that follows naturally or logically from an action, decision, or condition.