Tropical Tours reported revenue of &403,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $35, 300 and $30, 700, respectively. Using the direct method for reporting cash flows from operating activities. Tropical Tours would report cash collected from customers of. a. $407, 600. b. $398, 400. c. $438, 300. d. $403,000.
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Tropical Tours reported revenue of &403,000 for its year ended December 31, 2016. Accounts recei...
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