Statement of cash flows-direct method in the amount, Accounting Basics

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Statement of cash flows-direct method in the amount

On December 31, 2011, Wellstone Company reported net income of $70,000 and sales of $210,000. The company also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Wellstone will report cash collected from customers in its 2011 statement of cash flows (direct method) in the amount of:

A. $215,000.

B. $285,000.

C. $135,000.

D. $205,000.

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Accounting Basics: Statement of cash flows-direct method in the amount

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Accounting Basics: Statement of cash flows-direct method in the amount

Reference No:- TGS079287

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Statement of cash flows-direct method in the amount

Reference No:- TGS079287

Recent Questions Asked Accounting Basics

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Q : Income tax payable for its first year of operations

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