Business, 06.05.2020 07:29, Fahaddie

Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its beginning Accounts Receivable balance was $48,000, and its ending Accounts Receivable balance was $64,000. Its cash collected from customers for the year was:Multiple Choice
a. $480,000.
b. $464,000.
c. $496,000.
d. $592,000.

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Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it...