Use the information below for Washington Company to answer the following questions.

The following selected account balances appeared on the financial statements of Washington Company:

Washington Company uses the direct method to calculate net cash flow from operating activities.

-Cash collections from customers were
A) $56,000
B) $52,000
C) $60,000
D) $45,000

Question

Use the information below for Washington Company to answer the following questions.
​
The following selected account balances appeared on the financial statements of Washington Company:
​
  Washington Company uses the direct method to calculate net cash flow from operating activities.
​
-Cash collections from customers were
A) $56,000 
B) $52,000 
C) $60,000 
D) $45,000

Quizplus · Accepted Answer

Cash collections from customers can be calculated using the given information, which typically involves starting with sales revenue and adjusting for changes in accounts receivable. Without specific numbers provided in the question, the correct answer cannot be determined through calculation. However, based on the format of the question, it seems like a specific scenario was intended to be discussed. Since the necessary details to perform calculations are missing, the selection of option C ($60,000) is based on the assumption that it was intended to be the correct answer in the context of the missing information.

Use the Information Below for Washington Company to Answer the Following