* 173. During 2014, Bronze Company had $130,000 in cash sales and $970,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2013 and 2014, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2014?
A) $1,368,000.
B) $1,592,000.
C) $1,132,000.
D) $1,068,000.
Correct Answer:
Verified
Q140: Which of the following items does not
Q144: All of the following statements about free
Q154: Each of the following is an adjustment
Q161: Tito Company reports a $20,000 increase in
Q162: Westwind Corporation shows income tax expense of
Q163: Anjili Company had credit sales of $1,400,000.
Q164: North Company has other operating expenses of
Q167: The cost of goods sold during the
Q168: Brad Ford Company reports a $32,000 increase
Q170: During 2014, Ecuyer Industries reported cash provided
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents