Jackson Company began the current year with the following:

During the current year, the following events occurred:

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

Jackson Company began the current year with the following:

During the current year, the following events occurred:

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 Jackson Company began the current year with the following:

During the current year, the following events occurred:

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

Jackson Company Began the Current Year with the Following