Accounts Receivable,ending Balance,$57,000 in the Operating Activities Section of the Statement

question 34

Multiple Choice

Accounts Receivable,ending balance,$57,000 In the operating activities section of the statement of cash flows,what amount will be shown for collections from customers?

• A)$550,000
• B)$458,000
• C)$149,000
• D)$366,000

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Definitions:

Liability

The state of being responsible or legally obligated to settle a debt or fulfill a contractual agreement; also refers to any form of legal obligation.