The following selected account balances appeared on the financial statements of the Washington Company:

The Washington Company uses the direct method to calculate net cash flow from operating activities.
Cash collections from customers are
A)$56,000
B)$52,000
C)$60,000
D)$45,000

Question

The following selected account balances appeared on the financial statements of the Washington Company:

The Washington Company uses the direct method to calculate net cash flow from operating activities.
Cash collections from customers are
A)$56,000 
B)$52,000 
C)$60,000 
D)$45,000

Quizplus · Accepted Answer

The Answer of The following selected account balances appeared on the financial statements of the Washington Company:

The Washington Company uses the direct method to calculate net cash flow from operating activities.
Cash collections from customers are
A)$56,000 
B)$52,000 
C)$60,000 
D)$45,000

The Following Selected Account Balances Appeared on the Financial Statements