The following information is from ABC,Inc.'s December 31,2011 annual report: Note: ABC,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash collected from customers on ABC,Inc.'s statement of cash flows equals ________.
A)$800,000
B)$802,000
C)$798,000
D)$810,000

Question

The following information is from ABC,Inc.'s December 31,2011 annual report:  Note: ABC,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash collected from customers on ABC,Inc.'s statement of cash flows equals ________.
A)$800,000 
B)$802,000 
C)$798,000 
D)$810,000

Quizplus · Accepted Answer

The Answer of The following information is from ABC,Inc.'s December 31,2011 annual report:  Note: ABC,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash collected from customers on ABC,Inc.'s statement of cash flows equals ________.
A)$800,000 
B)$802,000 
C)$798,000 
D)$810,000

The Following Information Is from ABC,Inc