Solved

Car Locks Company Reported Annual Sales of $640 000

Question 40

Multiple Choice

Car Locks Company reported annual sales of $640 000. The following information is also available: Car Locks Company reported annual sales of $640 000. The following information is also available:   Bad debts written off during the year: $40 000 On a cash flow statement (direct format) , what amount would be reported for 'Cash collected from customers' for the year? A)  $510 000 B)  $630 000 C)  $610 000 D)  $720 000 Bad debts written off during the year: $40 000
On a cash flow statement (direct format) , what amount would be reported for 'Cash collected from customers' for the year?


A) $510 000
B) $630 000
C) $610 000
D) $720 000

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