The following information was taken from the 2014 financial statements of Glocken Corporation:
No accounts receivable were written off or recovered during the year.If Glocken prepares a statement of cash flows using the direct method,what amount should be reported as collected from customers in 2014?
A) $2,239,000
B) $2,234,000
C) $2,146,000
D) $2,141,000
Correct Answer:
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