Tropical Tours Reported Revenue of $400,000 for Its Year Ended

question 63

Multiple Choice

Tropical Tours reported revenue of $400,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $35,000 and $32,000, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of:

• A) $400,000.
• B) $397,000.
• C) $403,000.
• D) $365,000.

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Definitions:

Natural Killer Cells

A type of lymphocyte that plays a major role in the rejection of tumors and cells infected by viruses by directly killing them.

Eosinophils

A type of white blood cell that is involved in combating multicellular parasites and certain infections in vertebrates, also associated with allergic reactions.

Parasitic Worm Infection

An infestation by helminths, a type of parasitic worm, which can cause disease and malnutrition.

Phagocytic Cells

A type of immune cell capable of engulfing and absorbing bacteria and other small cells and particles.