Question

during 2012, white company had $160,000 in cash sales and $1,400,000 in credit sales. the accounts receivable balances were $180,000 and $212,000 at december 31, 2011 and 2012, respectively. using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2012?

a.$1,368,000

b.$1,592,000

c.$1,560,000

d.$1,528,000

Answer

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