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14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method in the amount of $0 $245,400 $286,600 $342,600

14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method in the amount of $0 $245,400 $286,600 $342,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method) in the amount of $0 $245,400 $286,600 $342,600
Transcribed Image Text:14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method) in the amount of $0 $245,400 $286,600 $342,600
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