A company reported annual sales revenue of $1,800,000. During the year, accounts receivable decreased from a $56,000 beginning balance to a $48,000 ending balance. Accounts payable decreased from a $44,000 beginning balance to a $32,000 ending balance.
How much is cash received from customers for the year?
A) $1,964,000
B) $1,808,000
C) $1,796,000
D) $1,820,000
Correct Answer:
Verified
Q13: A firm's cash flows from investing activities
Q14: Which of the following is disclosed separately
Q15: Nichole Company has an accrual basis net
Q16: Quechua Inc. has an accrual basis net
Q17: Rachel's Modeling School has an accrual basis
Q19: A company reported annual sales revenue of
Q20: A company reported cost of goods sold
Q21: A company reported annual income tax expense
Q22: With reference to the reporting of net
Q23: The following amounts have been taken from
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