On December 31, 2013, 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 2013 statement of cash flows (indirect method) in the amount of:

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The Answer of On December 31, 2013, 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 2013 statement of cash flows (indirect method) in the amount of:

On December 31, 2013, Tiras Company Reported Net Income of $50,000