Mid-Town Auto Parts Company Uses the Direct Method to Prepare

question 87

Multiple Choice

Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2019: 1.Sales Revenue,$520,000
2) Accounts Receivable,beginning balance,$99,000
3) Accounts Receivable,ending balance,$62,000
Compute the collections from customers.

• A) $557,000
• B) $458,000
• C) $161,000
• D) $359,000

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