In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
Using the above information, indicate the best answer for each question in the space provided.
-In the statement of cash flows for the current year for Rag Dolls Corporation, the amount of cash received from customers is:
A) $1,310,000.
B) $1,103,000.
C) $1,233,000.
D) $1,293,000.

Question

In order to prepare the statement of cash flows for Rag Dolls Corporation for the current year, the accountant has compiled the following data regarding cash flows:
  Using the above information, indicate the best answer for each question in the space provided.
-In the statement of cash flows for the current year for Rag Dolls Corporation, the amount of cash received from customers is:
A) $1,310,000. 
B) $1,103,000. 
C) $1,233,000. 
D) $1,293,000.

Quizplus · Accepted Answer

The amount of cash received from customers is typically calculated by adjusting sales revenue for changes in accounts receivable. The correct amount, $1,310,000, reflects these adjustments.

In Order to Prepare the Statement of Cash Flows for Rag