Pastel Paints Company Uses the Direct Method for Preparing Its

question 93

Multiple Choice

Pastel Paints Company uses the direct method for preparing its statement of cash flow.Pastel reports the following information regarding 2017:
From the income statement:
Sales Revenues,$265,000
Cost of Goods Sold,$213,000
Operating Expenses,$32,000
From the balance sheet:

What amount will be shown for collections from customers?

• A)$261,200
• B)$268,800
• C)$265,000
• D)$33,000

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Obama Administration

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Barack Obama

The 44th President of the United States (2009-2017) and the first African American to hold the office, known for significant healthcare reform and a comprehensive approach towards global diplomacy.

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Efforts and policies implemented to improve, expand, or alter healthcare systems within a country to ensure more accessible, affordable, and quality healthcare services for the population.