Wellington Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2015: 
- On Wellington's statement of cash flows,using the direct method,what amount will be shown for total cash receipts from operating activities?
A) $267,000
B) $299,300
C) $253,000
D) $254,000
Correct Answer:
Verified
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