DryGrass Ltd provides the following information that relates to the period ended 30 June 2005: What amount of cash was received from customers during the year?

Question

DryGrass Ltd provides the following information that relates to the period ended 30 June 2005:  What amount of cash was received from customers during the year?

Quizplus · Accepted Answer

To calculate the cash received from customers, we need to look at the cash received from customers figure in the cash flow statement. From the provided financial statements, we can see that cash received from customers is $740,000. Therefore, the correct answer is C.

DryGrass Ltd Provides the Following Information That Relates to the Period