Sales for the year were $600,000. accounts receivable were $100,000 and $80,000 at the beginning and end of the year, respectively. cash received from customers to be reported on the statement of cash flows using the direct method is$700,000$620,000$600,000$580,000

$620,000

Explanation:

Cash received is a function of sales and account receivables at the beginning and end of the period.

Sales = $600,000

Beginning Accounts receivable = $100,000

Closing account receivables = $80,000

Cash received from customers to be reported on the statement of cash flows using the direct method

= $600,000 + $100,000 - $80,000

= $620,000

answer; /// the correct answer is (10) days; /// good luck

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%