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

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

---

Definitions:

Vice President

The second-highest executive officer in a government, who serves as the deputy to the president, and can assume presidential duties under circumstances defined by law, such as the president's death, resignation, or incapacity.

Senate Tie

A situation where there is an equal number of votes for and against a measure in the U.S. Senate, often broken by the vote of the Vice President.

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that provides procedures for dealing with presidential disability and succession.

Presidential Vacancies

Situations where the office of the President becomes temporarily unoccupied due to death, resignation, or removal.