9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at
December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows
from operating activities, Hong Kong Clothiers would report cash collected from customers of:
Group of answer choices
$5,117,100
$5,150,000
$5,192,900
$5,182,900

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