Artist Paints Company uses the direct method for preparing its statement of cash flow.Artist reports the following information regarding 2019: From the income statement:
Sales Revenues,$267,000
Cost of Goods Sold,$210,000
Operating Expenses,$37,000
From the balance sheet:
What amount will be shown for collections from customers?
A)$263,200
B)$270,800
C)$267,000
D)$32,800

Question

Artist Paints Company uses the direct method for preparing its statement of cash flow.Artist reports the following information regarding 2019: From the income statement:
Sales Revenues,$267,000
Cost of Goods Sold,$210,000
Operating Expenses,$37,000
From the balance sheet:
 What amount will be shown for collections from customers?
A)$263,200 
B)$270,800 
C)$267,000 
D)$32,800

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11ea8a75_4296_fec7_a2a1_f9f10b11a947_TB6701_00

Artist Paints Company Uses the Direct Method for Preparing Its