Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2017: 1.Sales Revenue,$520,000
2.Accounts Receivable,beginning balance,$99,000
3.Accounts Receivable,ending balance,$62,000
Compute the collections from customers.
A) $557,000
B) $458,000
C) $161,000
D) $359,000
Correct Answer:
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