The following information comes from Torveson Company's accounting records for 20X5:

-Based on the preceding information,what amount will be reported by the company as cash received from customers during the year?
A)$590,000
B)$585,000
C)$575,000
D)$560,000

Question

The following information comes from Torveson Company's accounting records for 20X5:
 
-Based on the preceding information,what amount will be reported by the company as cash received from customers during the year?
A)$590,000 
B)$585,000 
C)$575,000 
D)$560,000

Quizplus · Accepted Answer

The correct amount is $590,000, as it is the total cash received from customers during the year according to the given information.

The Following Information Comes from Torveson Company's Accounting Records for 20X5