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pychu [463]
3 years ago
11

Tropical Tours reported revenue of $400,000 for its year ended December 31, Year2. Accounts receivable at December 31, Year1 and

Year2, were $35,000 and $32,000, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of:
a. $400,000.
b. $397,000.
c. $403,000.
d. $365,000.

Business
1 answer:
Svetradugi [14.3K]3 years ago
4 0

Answer:

Correct option is C.

Step wise solution is given below for demonstration.

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2 years ago
You are saving money to buy a car. If you save $ 320 per month starting one month from now at an interest rate of 9​%, how much
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Answer:

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6 0
3 years ago
Read 2 more answers
In developing a flexible budget within a relevant range of activity,
gladu [14]

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