Boulevard,Inc

question 112

Multiple Choice

Boulevard,Inc.uses the direct method to prepare its statement of cash flows.Use the following information reported for 2019: Sales Revenue,$43,000
Interest Revenue,$600
Accounts Receivable,beginning balance,$13,400
Accounts Receivable,ending balance,$26,000
There were no amounts reported for Interest Receivable.
Compute the total cash receipts.

• A) $26,000
• B) $56,400
• C) $31,000
• D) $13,400

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Definitions:

Nicola Sacco

An Italian-American anarchist who, along with Bartolomeo Vanzetti, was controversially convicted of murder and executed in 1927, leading to significant public outcry and debate over the fairness of their trial.

Bartolomeo Vanzetti

An Italian-American anarchist who, along with Nicola Sacco, was controversially tried and executed for robbery and murder in the 1920s.

Return Migration

The process whereby people move back to their country of origin or heritage after having lived in another country for a period.

Mexican Government

The federal republic government of Mexico, composed of executive, legislative, and judicial branches.