The following information was taken from the 2014 financial statements of Glocken Corporation: No accounts receivable were written off or recovered during the year.If Glocken prepares a statement of cash flows using the direct method,what amount should be reported as collected from customers in 2014?
A) $2,239,000
B) $2,234,000
C) $2,146,000
D) $2,141,000

Question

The following information was taken from the 2014 financial statements of Glocken Corporation:  No accounts receivable were written off or recovered during the year.If Glocken prepares a statement of cash flows using the direct method,what amount should be reported as collected from customers in 2014?
A) $2,239,000 
B) $2,234,000 
C) $2,146,000 
D) $2,141,000

Quizplus · Accepted Answer

The Answer of The following information was taken from the 2014 financial statements of Glocken Corporation:  No accounts receivable were written off or recovered during the year.If Glocken prepares a statement of cash flows using the direct method,what amount should be reported as collected from customers in 2014?
A) $2,239,000 
B) $2,234,000 
C) $2,146,000 
D) $2,141,000

The Following Information Was Taken from the 2014 Financial Statements