Assume the 20D income statement reported total sales revenue of $160,000. The 20C-20D, comparative statements of financial position showed that trade receivables increased by $10,000. What was the "cash inflow from customers" for 20D?
A) $160,000.
B) $140,000.
C) $170,000.
D) $150,000.

Question

Quizplus · Accepted Answer

The cash inflow from customers is calculated by subtracting the increase in trade receivables from the total sales revenue. Therefore, the cash inflow from customers for 20D is $150,000 ($160,000 - $10,000). Choice D is the correct answer.

Assume the 20D Income Statement Reported Total Sales Revenue of $160,000