The Following Selected Account Balances Appeared on the Financial Statements

question 72

Multiple Choice

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

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

---

Definitions:

Learning Goal

A specific objective aimed at acquiring knowledge or skills through study, experience, or instruction.

Straightforward Task

An uncomplicated and clear task that requires a direct approach to complete without the need for complex processes or procedures.

Weyerhaeuser Company

A multinational forest products company, primarily focused on the production of timber, manufacturing of wood and cellulose fiber products.

Monetary Incentives

Financial rewards given to employees or individuals to motivate them to achieve specific targets or perform at a certain level.