On December 31,2016,Tiras Company reported net income of $50,000 and sales of $200,000.The company also reported beginning and ending accounts receivable at $20,000 and $25,000,respectively.Tiras will report cash collected from customers in its 2016 statement of cash flows (direct method) in the amount of:
A) $0.
B) $245,000.
C) $205,000.
D) $195,000.
Correct Answer:
Verified
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