During 2017 Zuma Company had $150000 in cash sales and $1240000 in credit sales. The accounts receivable balances were $180000 and $215000 at December 31 2016 and 2017 respectively. Using the direct method of reporting cash flows from operating activities what was the total cash collected from all customers during 2017?
A) $1205000
B) $1425000
C) $1390000
D) $1355000
Correct Answer:
Verified
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