Assume that a statement of cash flows reports cash received from customers. Which of the following is true?
A) Cash received from customers is not reported on the statement of cash flows.
B) Cash received from customers is reported when using both the direct and indirect methods.
C) The statement was prepared using the direct method.
D) The statement was prepared using the indirect method.
Correct Answer:
Verified
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A)$80,000.
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