Selected information from Jet Company's 2013 financial statements is shown below (in millions):

-What is the amount of cash received from Jet's customers during 2013?
A)$66.4
B)$10.0
C)$46.4
D)$19.9
E)$56.4

Question

Selected information from Jet Company's 2013 financial statements is shown below (in millions):

-What is the amount of cash received from Jet's customers during 2013?
A)$66.4 
B)$10.0 
C)$46.4 
D)$19.9 
E)$56.4

Quizplus · Accepted Answer

The amount of cash received from customers is shown in the Cash Flows from Operating Activities section, under the heading "Net cash provided by operating activities." The amount shown is $46.4 million. Therefore, the correct answer is C. Option A is incorrect because it includes cash received from other sources besides customers. Option B is incorrect because it is too low compared to the total revenue reported. Option D is incorrect because it represents the change in accounts receivable, which is not the same as cash received from customers. Option E is incorrect because it includes other items besides cash received from customers.

Selected Information from Jet Company's 2013 Financial Statements Is Shown