Business, 14.11.2019 21:31 pikapika24
The following information was taken from the financial statements of hofburg corp. for the year just ended:
accounts receivable, january 1 $ 21,600
accounts receivable, december 31 30,400
sales on account and cash sales 438,000
uncollectible accounts 1,000
no accounts receivable were written off or recovered during the year. if the direct method is used in its statement of cash flows, hofburg should report cash collected from customers as
a. $447,800
b. $446,800
c. $428,200
d. $429,200
Answers: 1
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The following information was taken from the financial statements of hofburg corp. for the year just...
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