The following information was taken from the 2011 financial statements of Winchester Corporation:

No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011?
A) $2,239,000
B) $2,234,000
C) $2,146,000
D) $2,141,000

Question

The following information was taken from the 2011 financial statements of Winchester Corporation:

No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011?
A) $2,239,000 
B) $2,234,000 
C) $2,146,000 
D) $2,141,000

Quizplus · Accepted Answer

The Answer of The following information was taken from the 2011 financial statements of Winchester Corporation:

No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011?
A) $2,239,000 
B) $2,234,000 
C) $2,146,000 
D) $2,141,000

The Following Information Was Taken from the 2011 Financial Statements