Kendrick Company began the current year with the following: During the current year, the following events occurred:
$\begin{array}{cc}
1,200 & \text { Accounts written off } \
30,000 & \text { Sales on account } \
2,000 & \text { Bad debt expense recognized }
\end{array}$ At the end of the current year, the company showed a balance in gross accounts receivable (before the allowance for doubtful accounts) of $16,800.
What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method?
A)$21,000
B)$22,000
C)$30,000
D)$28,200

Question

Kendrick Company began the current year with the following:  During the current year, the following events occurred:
$\begin{array}{cc}
1,200 & \text { Accounts written off } \
30,000 & \text { Sales on account } \
2,000 & \text { Bad debt expense recognized }
\end{array}$ At the end of the current year, the company showed a balance in gross accounts receivable (before the allowance for doubtful accounts) of $16,800.
What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method?
A)$21,000 
B)$22,000 
C)$30,000 
D)$28,200

Quizplus · Accepted Answer

The Answer of Kendrick Company began the current year with the following:  During the current year, the following events occurred:
$\begin{array}{cc}
1,200 & \text { Accounts written off } \
30,000 & \text { Sales on account } \
2,000 & \text { Bad debt expense recognized }
\end{array}$ At the end of the current year, the company showed a balance in gross accounts receivable (before the allowance for doubtful accounts) of $16,800.
What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method?
A)$21,000 
B)$22,000 
C)$30,000 
D)$28,200

Kendrick Company Began the Current Year with the Following At the End of the Current Year, the Company Showed